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Unread 12-23-2009, 10:06 AM
GreenGiant GreenGiant is offline
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the trading range for the last 7 trading days has been 0.25 to 0.7. 0.35 has been holdin strong as support keeping the stock above a down trend that it broke out of. stocks tend to gravitate towards and fill gaps that occur and can be seen on charts. the gap that needs to be filled is from 0.7 to 0.75, which should become support since there is another from 0.9 to 0.10. With the 50 day moving average sitting in the middle of the second gap that,imo, confirms to me the stock should gravitate there.
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