"Bullish symmetrical triangle - It is recommended that traders abandon a stock that trades beyond the 75% mark for very little movement is likely to occur". BLR has reached 70%.
http://www.leavittbrothers.com/education/chart_patterns/symmetrical_triangle_bullish.cfm
"Bollinger Bands - Contracting bands warn that the market is about to trend: the bands first converge into a narrow neck, followed by a sharp price movement. The first breakout is often a false move, preceding a strong trend in the opposite direction."
http://www.incrediblecharts.com/technical/bollinger_bands.htm
"Low volume simply means there is much uncertainty with regards to a stock's trading activity and future movement. Combined with Bollinger Bands, a period of low volume and little volatility often ends in an explosive move."
http://www.leavittbrothers.com/education/technical_analysis/chart_indicators/volume.cfm
"Some traders will buy when the MACD crosses over it's signal line." Could cross soon IMO.
http://www.leavittbrothers.com/education/technical_analysis/chart_indicators/macd.cfm
"Stochastic Oscillator. When the Stochastic falls below a value (20 for example) and then rises above it, a buy signal is offered. A buy signal is given when %K crosses above %D." Both happened today.
http://www.leavittbrothers.com/education/technical_analysis/chart_indicators/stochastic.cfm
Regards to the end of day buyer @ 19.5, have a good weekend all,
Chalea
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