Vijayan,
Savant's system does not trigger buys based on BBs.
Looking at the chart, i think there was a freak trade of 119 or so at the opening, that caused a very deep piercing of the upper BB.
There is some kind of a uptrend developing in it, however confirmation of that will happen when it will take out the high of the current congestion zone - which is 113-114.
And you are right, the next resistance zones are around 123-124.
Regards,
Enygma.