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Technicals say other wise. Weekly Charts - signalling a reversal is very imminent at the current price. Resistance is probably at $80. The Stochastics are at an extreme high on the O/B side. Prices is at the intersection point of the downward slooping resistance line. Prices has climb $45 from $35 bottom in Jan. It has done exceptionally well. Buy on rumour sell on news. Its time to take profit.
Weekly Charts - signalling a reversal is very imminent at the current price. Resistance is probably at $80.
The Stochastics are at an extreme high on the O/B side.
Prices is at the intersection point of the downward slooping resistance line.
Prices has climb $45 from $35 bottom in Jan. It has done exceptionally well.
Buy on rumour sell on news.
Its time to take profit.
Mark of SC @ Apr 21, 2009 10:24:15 AM
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
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Mark of SC @ Apr 21, 2009 10:24:15 AM
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