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BV buy above consolidation
Currently BV is showing a possible buy zone but only at 7.13 range or slightly higher. BV shows a bullish completed bat pattern and a double bottom which SO FAR has held support zone correctly.
Confidence that the double bottom and fib pattern will hold comes from a break up through down trendline at or slightly above 7.13.
Note that in 2013 January BV seems to have suffered climax selling volume so it would at least appear that a full flush of sellers was completed near that time.
Confidence that the double bottom and fib pattern will hold comes from a break up through down trendline at or slightly above 7.13.
Note that in 2013 January BV seems to have suffered climax selling volume so it would at least appear that a full flush of sellers was completed near that time.
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