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Is BLX about to break its pattern? Bollinger Band Squeeze shows up after dropping 1.3%
On Friday, September 19th, BLX moved down 1.3% while volume surged to 2.2× the usual levels. The unusually high volume suggests institutional participation in today's move. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 46.62, 46.26 & 45.72, with resistance at 47.52, 48.06 & 48.42.
Current SwingTradeBot Technical Rating of BLX: C
Just a sneak peek — check SwingTradeBot.com for the full story on BLX.
Read full article here »