BLU has broken out above the blue and green lines and could potentially be heading towards the orange line at 610c
The Orange line could also potentially be the neckline of an INVERSE HEAD AND SHOULDERS Formation that extends back to Sept 2018.
BLU is also staying above the 200EMA which is positive.
BLU could still backtest to the blue line .
Beware of false breakouts /whipsaws.
The Orange line could also potentially be the neckline of an INVERSE HEAD AND SHOULDERS Formation that extends back to Sept 2018.
BLU is also staying above the 200EMA which is positive.
BLU could still backtest to the blue line .
Beware of false breakouts /whipsaws.