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Updated Apr 23, 2013 7:40:00 PM
Several weeks ago we highlighted that if November low around $3.40 gives way, “it would confirm the resumption of the downtrend, as it would see lower highs and lower lows. If this is the case, the next key levels of support are $3.20/25 (2012 low), $3.00 (2011 low) and $2.50/55 – Triangle measure move projection. That being said, this triangular consolidation pattern took years to develop, thus it could take several weeks/months/quarters to fully play [...] Continue Reading ...
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