InvestorsHub Logo
Followers 138
Posts 6561
Boards Moderated 0
Alias Born 08/01/2009

Re: None

Thursday, 06/17/2010 12:36:05 PM

Thursday, June 17, 2010 12:36:05 PM

Post# of 11069
I posted this on another board a little while ago, it's a summary of the longer term picture here.

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.