Saturday, December 14, 2013 7:35:22 AM
The next chart suggests two possible uptrend channels, one in green and one in blue. With no uncertainty the red indecision triangle has been broken and the breakout has been retested on higher than usual volume. A possibility would be for the price to creep downward along the declining tops line (red) into January. Resistance of the two uptrend channel possibilities is at the .012 - .013 area and long term resistance at .014. Again, another possibility would be a spike up on long awaited news that breaks the price out of these trend channels and into resistance level areas that are best shown on a long term chart. .05, .12, .26 and ultimately to .45, .60, 1.05 and 1.35.
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