Morning Traders
Gone Long on BLVN:
*Base support at 80
*Lower end of the Bolli Band
*RSI/Stochs oversold levels
*MACD under 0 and MACD Negative Histo's appear to be easing
*Blackrock have been buying stock at these levels - holding now above 16%
*Recent takeover talk's caused a spike but walked away without even having opened BLVNs books. Probably too low an offer which the mgt didn't deem fit
A riskier play then usual but think offer's a good risk/reward (as long as them market's hold up!).
Kind Regards All
KullyB