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See it for yourself and make your own judgement.
Support/Resistance:
As mentioned in two weeks ago, I mentioned that major resistance at $1.17 will be tested. Indeed it was tested and began to fall from there. Currently the price is at $1.08 which is at the lower line of the uptrend parallel lines. The price may have a possibility to rebound from there. Major resistance now is $1.25 and major support is at $1.00.
Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are very high for quite a while already. It is not a good buying opportunity.
My Target Price:
My target sell price will be $1.24. I am looking to sell all my holdings at $1.24. However if it falls to $1.01, I might be buying a few more lots.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
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