Monday, May 09, 2011 2:34:39 PM
-The price is butting right up against this long term resistance, and I can see it testing a breakout sooner or later. I’d like to see a tight consolidation range play out around here, either below, at, or above the trendline I drew. Definitely looks like something to keep an eye on.
-I can see it holding here and breaking out soon, but even a pullback here would keep the pattern intact, and it would give the support/dip buyers a chance to scoop up a position.
-I’d put the key resistance currently at 2.50, ideally a close above it with some decent volume.
http://onlycharts.com/
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