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Re: arch433 post# 95955

Monday, 08/04/2014 9:42:53 AM

Monday, August 04, 2014 9:42:53 AM

Post# of 146291
I think you're spot on with 4.77 area, or even a touch lower!

There's a mildly declining intermediate term resistance line with two points, one from an intraday high on June 24th of 4.77 and the other an intraday high from July 17th of 4.73. That line today crosses below both those points, maybe around 4.65 or so.

A break and close above that trend line definitely would suggest a move higher, at least to the $5 area to test prices from late last year, and hopefully above!

best to all.
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