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rikelme

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rikelme

Re: Weltman post# 17167

Wednesday, 03/13/2013 6:51:11 PM

Wednesday, March 13, 2013 6:51:11 PM

Post# of 30378
It has been talked about weekly 50MA as a strong resistance before, both here and on Yahoo board. The good thing is that is falling pretty fast.

Weekly 52MA makes more sense, at least for me - because there is 52 weeks in a year and not 50. 52MA is also a strong resistance and is @ $0.49 at the moment. It will go down too in next week to $0.473 (+- $0.05), by which we should have a usual action before earnings which should be enough to break it. But, we'll have to have a nice volume for this - 15M+.

Let's wait and see.

GLTA
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