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Post# of 81572
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msturgeo

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msturgeo

Re: blackbandit post# 67362

Wednesday, 06/18/2014 11:46:57 AM

Wednesday, June 18, 2014 11:46:57 AM

Post# of 81572
This will retrace.IMHO. Expect it because nothing goes straight up. Chart analysis lets us know that things are overbought right now and bearish signal in the chart tells me that we are close to the top of the trend. I would expect this to fade all the way back to .039-.042 where there is some excellent support.

This IMHO is a trading channel being established - but I do like the end of year target - except that is still 6-9 months away....depending on your outlook for expect reporting results.

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