Examining BAS Chart

I had an eye on BAS in May 2013 and began charting some levels. In this post I will run through the BAS chart on multiple time frames with added thoughts.

Original look at the daily time frame.

BAS_051713_DailyLevelsFibs.png

From that initial look BAS attempted to hold the 14 level two more times before a third attempt succeeded.

BAS_102913_DailyCloseWeeklyLevels.png

BAS made a run to the 17.40 support resistance level charted in May then pulled back. In December BAS tested the 14.10 level again and I took a position.

BAS_120313_DailySupResPositionLong.png

BAS has been quite volatile since entering breaking the initial pivot low before running to 16 but not triggering a stop. The remaining charts will be current from this Fridays 1/10/14 close- Monthly to 30 min time frame.

As well, even though I’ve noted/charted important levels above that should remain I stripped all levels and indicators from the charts below before review to see what else I could find.

The monthly chart below shows an interesting slope that may be repeating its importance at the recent resistance highs.

BAS_011014_MonthlySlopesSupRes.png

The weekly chart highlights 15.98 as possible important resistance at the monthly sloping TL.

BAS_011014_WeeklySlopesSupRes.png

The daily chart indicates support at 12.64 then the monthly 10.23 level.

BAS_011014_DailySlopesSupRes.png

The 30 minute chart highlights 14.40 as intermediate support resistance.

BAS_011014_30MinSlopesSupRes.png

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