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MonestHind

06/05/14 12:01 PM

#51964 RE: kevindenver #51920

It is at resistance now, but .80 is also a psychological barrier that has proven to be out of reach. It is crucial for this chart that .78 holds through close. A close above the .80 would foster buying interest at open tomorrow and confirm the trend. From a technical standpoint, that is what we need to keep the Friday profit takers from bringing this back into the .60s. As it stands, I think it's unlikely that this short term uptrend will continue without a positive news event. For this price to be sustainable, we need a fundamental change. Currently, there is nothing about the TRTC story that is any different than the story that landed the stock under .40 just two weeks ago.