Following up from previous BUY call on 15 Aug 2013. Blumont has defied all odds on a downwards market and continued to trade higher each trading day. Currently trading above the 1.80 new support level. Immediate resistance level would be 1.84 which it has tested for the past 2 days including today. Very likely to head higher again to 1.90 then Critical 2.00 on this break of 1.84. Can consider accumulating on dips above the 1.80 support level. Those who already have long positions bought many weeks back can still consider averaging up to further ride the uptrend. Do remember to raise your stop loss higher each time it moves higher. Till now, no end to upside in sight just take a ride and set clear trailing stop losses. Still a BUY TILL IT PROVES otherwise.
Stop loss at 1.77.
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