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Saturday, August 21, 2010 12:48:33 PM
I see support holding well and testing twice on the 75 MA (0.0007). We could possibly test at the 100 MA (0.0006) briefly before starting the next leg up, but it is very doubtful that we will ever see a test back on the 200 MA (0.0004) anytime soon.
Another important thing to note is that both the RSI and Williams are both very oversold. This is an indicator that the current pps is undervalued and a price correction will occur.
Also if you take a look a the MACD you will see it is ready to cross and begin upticking, the Slow STO chart shows a cross under the 20 and ready to uptick, and there is steady accumulation occurring. These are all very strong bullish signals.
GLTA
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