what i see is a downward sloping triangle indicating that at every opportunity the sellers are pushing into the buyers forcing lower highs and lower lows trending down the question now is very simple support at 1.58 yes means a move up past 1.58 a retrace back to 1.58 to test and push beyond this and towards the 2.38 in my opinion unlikely however never say never.
my best estimate a test of 1.58 if it holds the above is true if not the next test will be 1.34 then 1.09 bad news will send it to 30c again and judging by today announcement not out of the realms of possibility for a last minute sell off.
BLT Price at posting:
$1.74 Sentiment: Sell Disclosure: Not Held
