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Jorge A

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Jorge A

Re: j12111 post# 1866

Wednesday, 04/04/2012 5:32:20 PM

Wednesday, April 04, 2012 5:32:20 PM

Post# of 4493
The MA30 level (7.20) proved to be quite a solid support yesterday

Besides, 7.24 and 6.80 are two fibonacci's between friday's max (9.07) and the last relevant minimum (march 7, 4.36), and they've also been quite solid.

Next support levels? 6.73, 6.17, 5.48.

That said, I'm bullish, so next resistances: 7.7, 7.96, 8.22, 8.54

Likely short term target: 7.80-8.20 around next options expire date (April 20th) due to short-squeezes

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