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Wednesday, July 03, 2013 11:19:23 AM
Half Full:
-Successful break of .12 resistance on 6/24
-New resistance .15 Support now at .12
-Weekly close above .12 very bullish,
-Daily MACD trending up about to go positive
-10 day moving average crossing the 20 dma, very bullish
-capitulation occurred 6/20 with a 21mill volume selloff
-shorts are a non-issue.
Half Empty
it's simply technical analysis of the chart.
-overbought stochastics
-bearish golden cross- 50dma thru 200dma
-price rolling over, no volume
-shorts in control
likely retest of dec lows around .07.
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