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Re: golong22 post# 13758

Sunday, 07/22/2012 12:01:25 PM

Sunday, July 22, 2012 12:01:25 PM

Post# of 233386
Walking backwards from Friday, the next lowest volume day was 4/17. I think we all know what happened after that. I doubt we're talking about that, but take a look over the year at anytime the volume was sub 400k, since it was in the .13 range. Within days there was a large gain. Combine the technicals with the recent news and I think an large move is in the very short term. I'm betting at a minimum, we take a shot at the .37 resistance this week or next.

What I like is it has walked and not run to where it's at on Friday, which is why I think at a minimum, it will turn the .30 resistance into support this week.

Throw a squeeze in there and who knows. Definitely looks poised to run.

I think the fill at .30 will depend on the size. There's no selling pressure below .29 anymore.

Good luck



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