Here is a chart showing the break out on BLY.* Note the break of...

Here is a chart showing the break out on BLY.

* Note the break of the down trend line - Very important.

* Down trend was broken on strong volume - follow through has been on strong volume - Friday was the 3rd highest volume day in the last 12 months.

* Stochastics are in Bull mode and MACD has crossed up - suggesting momentum is to the upside - could easily run further.

* Needs to hold support now at 15 cents.

* Robbb has got me looking at speed angles(lol) so i threw one in....shows that a move to around 24 cents is possible.

Looks good if the market behaves.

Good Luck.