BLPH GOING TO TEST THE UPPER TRENDLINE?

15 בינו׳ 2017

BLPH is in a strong downtrend, bouncing between 2 main downward trendlines. Bullish divergence on 4h chart and potential breakout of the low degree channel. Look to the price action for a potential wave up to test the upper trendline. A strong breakdown on the smaller channel invalidates this setup.