NIA’s BTL Group (TSXV: BTL) gained an incredible $0.89 or 18.35% on Tuesday to finish at a new all-time high of $5.74 per share! BTL is up 45% since NIA’s alert one week ago at $3.96 per share, when NIA explained why it considered BTL to be a sure thing to surpass $5 per share and begin exploding to new all-time highs in the following days/weeks!
BTL is also up 135.25% since NIA initially announced BTL on March 3, 2017, as its #1 favorite Blockchain stock suggestion for the remainder of 2017 – as well as NIA’s #1 favorite stock for capitalizing on the boom in Ethereum prices that NIA predicted was imminent!
It’s an extremely bullish sign for BTL that it closed at its exact high of day, especially when setting a new all-time high and in the early stages of an explosive medium-term rally that began when BTL successfully broke through its key resistance level of $4.91-$4.92 per share.
When BTL faced initial short-term resistance in March at $3.98 per share, followed by much more significant resistance in April at $4.91 per share – BTL on both occasions became technically overbought with its 14-day relative strength index (RSI) reaching a level of 75 or above. When BTL bottomed earlier this month at a major support level, its RSI dropped to a level of less than 25 – making BTL technically oversold.
Currently, despite BTL soaring 45% over the past week – its RSI remains at less than 65. BTL has amazing upward momentum, but remains far from being technically overbought!