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Re: trader53 post# 1520

Sunday, 06/24/2012 7:31:08 AM

Sunday, June 24, 2012 7:31:08 AM

Post# of 245800
SHMX 0.0005 Chart >

SHMX is good for a "Bounce".

Any time a stock falls below a "key support",
especially a "Long-term support",
it's worth taking on a position.

Retracement "Fibonacci" levels to look for as Targets are:

> 61.8% = 0.0012
> 50% = 0.001 <<<<<<<< If you can get 50%, Take it !!
> 38.2% = 0.0008
> 0.0005 <----------Current price.

Working from the "Price Pivot High" of 0.0021
that was set in mid-May,
the above stated targets,
are reasonable to expect.

> I see 2- "Walk Down Breakaway Gaps",
in the last 5-weeks,
that will get filled on the way up.




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