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Tuesday, October 19, 2010 6:36:39 PM
Just some of my thoughts on the chart
This stock is in a descending wedge. It is now resting on the bottom support line @ 0.002
There are bullish signs for a reversal here. The retest of 0.001 ( the conversion price) and a bounce off around May 25 and sending this stock into an uptrend. The support along this line is valid if this stock is up trending. This support line is climbing and is now @ 0.0016/0.0017. A fall through this support line will take this stock to 0.001
0.002 Long Support
0.0017 Short Support
0.0015 Strong Support
0.001 The floor
Golden Cross 0.0025
Break Out 0.003
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