Monday, November 14, 2011 11:02:01 PM
In the past four months .30 has acted as support and resistance and held up for numerous tests, so I’m looking at this as a key zone being fought over. There’s a head and shoulders pattern currently setting up with .30 being the neckline as well, so I think there’s a good chance of a big move if the price can breakout past it (w/ confirming volume). RSI looks nice and bullish and there’s not a ton of resistance until .50, so the variables look favorable for a nice run.
http://onlycharts.com/2011/11/14/gvcm-30-is-a-key-resistance-zone-head-shoulders-pattern-trigger/
http://onlycharts.com/2011/11/14/gvcm-30-is-a-key-resistance-zone-head-shoulders-pattern-trigger/
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