Blinkx continues its bullish trend in order to test new highest level.

From a fundamental viewpoint, the company is strong. The growth potential is important due to the development of the company.

Technically, the security is in an uptrend on all time scales. The bullish trend will not be stopped until prices are above the pivot point of GBp 88. This trend should allow the stock to reach its GBp 97.75 long term resistance, which will be the first target price.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the GBp 97.75 resistance. A breakout of this level will be a new bullish signal for higher target price around GBp 105. A stop loss will be fixed under the GBp 85.