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Printable version |
From: | "andrew cottingham" <arco@adinfinitum.co.nz> |
Date: | Thu, 18 Apr 2002 20:41:11 +1200 |
Nua
Based on a semi-log scale my trend-lines appear slightly
different to yours, as you will see from the attached chart.
As I said earlier today, if SOH can move back and trade
within the 2 grey trendlines once again, it is technically still in
an uptrend, even though still encased within the longer term downtrend
(Green Line). In this situation it still has the potential to move up
to 85-90c before reaching the green line, and a positive break through
that would be a bullish move. Incidentally, today's candle creates a
Bullish Engulfing Pattern and a Tweezer Bottom - both positive
signals.
Andrew
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