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Re: None

Friday, 02/28/2014 6:57:11 PM

Friday, February 28, 2014 6:57:11 PM

Post# of 232507
.014 is the next significant resistance level to overcome. That is the point where the suspension breakdown occurred. Meanwhile .012 is an obstacle being the resistance level of an uptrend channel (green). Should .012 turn the price back down there is support at .01 and even a possibility of another traverse of the channel down to .006 - .007.
If .014 is surpassed the next resistance levels are .0165, .0185, .021 and .029 in the intermediate term. Should there be a news related high velocity move, these resistance levels could be overcome with a high volume breakaway gap that wouldn't need to be filled.