On the monthly chart the recent pullback looks like a backtest of the trendline and now the uptrend has resumed with a very strong candle this week and the chart looks very bullish. There is a 50% move from 5 to 7.5 (ie Gann resistance) and a 5 wave count though so lets see if the stock can maintain the break of 7.50
Saturday, 18 May 2013
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