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TECHS: (M0) Technical Picture Improves *RES....>

BTPS
BTPS: TECHS: (M0) Technical Picture Improves
*RES 4: 139.92 50-day EMA
*RES 3: 139.77 High Apr 30 and bull trigger
*RES 2: 139.02 High May 5
*RES 1: 138.55 High May 8
*PRICE: 138.30 @ Close May 8
*SUP 1: 135.43 Low May 8 and key near-term support
*SUP 2: 134.61 Low Apr 24
*SUP 3: 132.61 Low Apr 22 and the bear trigger
*SUP 4: 132.30 61.8% retracement of Mar 18 - 27 rally
BTPS found support last week at 135.43, May 7 low. The recovery Friday leaves a
key near-term support at 134.61, Apr 24 low intact. The technical picture
appears to have improved and attention shifts to an important resistance at
139.77, Apr 30 high. Price needs to clear this level to reinstate a bullish
theme. A failure to hold above support at 135.43 would again leave 134.61
exposed ahead of the key support at 132.61, Apr 22 low.

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