Sunday, 16 July 2017

BLU


Blue Label’s core business is the virtual distribution of secure electronic tokens of value, predominantly prepaid airtime, starter packs and electricity at present, and transactional services across its global footprint of touch points. more....

On the weekly chart, though the negative trend, the stock has retraced up to the 50% Fibonacci level and we've noticed the volume buildup.  This stock needs to be watched, it might just come out of the blues.


Zooming in on the daily data, momentum (D) is gradually building, while the down trend (A) was gracefully broken, the volume  (C) build-up is prominent and the price has found some support in a narrow range (B).  A break above the box line will suggest new direction.

 
Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

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