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Re: bigone post# 160

Monday, 10/07/2013 5:39:13 PM

Monday, October 07, 2013 5:39:13 PM

Post# of 253
if you go to stockhouse i posed a chart there. one could say anywhere under the blue support line which is now resistance.

however I would put my bids at 7 and 7.5. or wait for the break of 8.5.

depends how long you want to hold. if my chart view is correct then there is a cup and handle in play - a break of 8.5 (or maybe 8) would validate the formation and should rise quickly to new yearly highs. meanwhile it can hold under 8 for some time and maybe never break.

at least the above is what i'm telling the people i know.

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