It is forming a base right now between 125.65 and 182.85 since Mar this year.
Also, it has broke out of a nice descending wedge as well. Let's wait for a little pull back before initiating a long position. Those who want a wider margin of safety can wait for the resistance at 182.85 to be broken up first.
Also, it has broke out of a nice descending wedge as well. Let's wait for a little pull back before initiating a long position. Those who want a wider margin of safety can wait for the resistance at 182.85 to be broken up first.
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160 resistance must be broken up before we can see price charging higher.
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Yee-haw....it is riding up high now
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Praise the Lord
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Tonight closing will determine if this resistance turns support can hold
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added more
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support thus far proven quite strong .....
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205 is a strong deterrent , refusing the bulls to charge higher....Let this battle be over first before deciding next course of action