Thursday, June 17, 2010 12:36:05 PM
4 years of downtrending, 1.5 years of putting in a bottom, and now hopefully we're looking at a breakout on the weekly chart here with RSI getting into the power zone. The past few weeks we've consolidated on low volume here right below the next trendline resistance, and any day now I think we could be making a push through those trendlines overhead. When/If the price establishes itself above that resistance and the weekly RSI is above 70, it should be party time.
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