I am showing an interest in BSL on a TA basis. If it is going to...

I am showing an interest in BSL on a TA basis. If it is going to start another leg-up it is getting close to the time for it.
Whether the fundamentals support another leg-up only a quarterly update will tell.

1. BSL is following a parabolic trend. It is edging closer to coming in contact with the parabolic trend line.

2. Assuming this correction is similar in time to the last correction then we should get a breakout around 2nd June.

3. This correction is shallow (38.2% of the range of the prior rally) which shows strong buyer support.

4. Today's price action has broken above a minor swing point high and is close to breaking above a downtrend line showing that buyers are starting to push up.



Daily Bar Chart showing parabolic trend
BSL is edging closer to the green parabolic line.
The lower blue box encloses the previous correction. I have copied that blue box and pasted it over the top of the current correction. If we get a similar correction in time then we have another couple of weeks at most before completion of correction.