Monday, March 19, 2012 10:26:34 PM
seems like there was a panic sell this morning and that's why it dropped below the resistance level 0.0091 and then bounced back up. the good thing is it closed above that level.
right now it's hard to tell whether it will retest the 50SMA again, but the last 4 candlesticks look like a Rising Three Methods continuation pattern. I also attached the picture of what it should look like. if the last candlestick forms then I am definitely going to jump in. Sometimes a forth black candlestick forms between the white candlesticks so gotta watch this and see tomorrow.
There is still a down trendline that it must break through in the next few sessions.
Here is the daily chart.
Disclaimer: Everything expressed here is my opinion.
Never base on my opinion to buy, sell, and/or hold a security
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