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Saturday, 04/30/2011 11:27:40 PM

Saturday, April 30, 2011 11:27:40 PM

Post# of 173238
The breakout and rally from last summer on this was pretty ridiculous, going from low double zeros up to .20 in a short period of time. Since it topped out last September, it's pulled back and consolidated for a solid eight months, which makes sense if you consider the magnitude of the rally. Now the past three months the price has tightened up considerably and looks close to popping, and the RSI is confirming that sentiment with it's behavior. Notice how the price is still trading below it's recent trendline resistance, but the RSI is trading above the trendline from that exact same period. I'd put the trigger right on a break of that trendline and 50 MA range, so we'll say .33 needs to break.

http://onlycharts.com/forum-3/flipping-penny-stocks/flipping-penny-stocks-weekend-watchlist-update-may-2-6/

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