BSL was up +3.17% on Friday. It is a volatile stock which has been in a long-term uptrend since mid-September, 2017.
BSL regained upside momentum on Friday and finished above its 50-Day EMA. It also finished marginally above its 20-Day EMA. The three important MAs (20/50/200) are now stacked in bull market profile.
All four indicators are on buy signals.
BSL is a short-term buy with a target at its recent highs around 18.70. The stock is at 17.59.
If the stock fails at minor horizontal resistance (18.04) that's a get-out signal.
Set a stop loss at 17.05.
You could probably exit sooner than that if we see a bearish candle and a drop in the short-term trend channel.
RB.
BSL Price at posting:
$17.59 Sentiment: Buy Disclosure: Not Held
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