Hello all.....BLY is a trading BUY as of yesterday.BLY has been...

Hello all.....

BLY is a trading BUY as of yesterday.

BLY has been consolidating for approx. 14 days
and as of yesterday BLY broke out of a FLAG FORMATION
with rising volume.According to breakouts from FLAGS the
target price for me will be in the range of $0.40 to $0.44.
These targets are also where most brokers have current
valuations for this stock.
I do agree that one should trade stocks from support to resistance areas but BLY has had a breakout from a pattern
and patterns have a 80% success rate so you need to go with the trend with a stop at $0.30 cents from the previous low.

Always equip yourself with both Fundemental and Technical Analysis to make more prudent descisions with your investment.