19
Jul
2010
The stock broke out above their previous high in April rising to a six month high. The big picture has drastically changed now, the medium term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. The real challenge lays ahead at 8.35/8.60 and 8.69 levels, breaking through would leave open space to a bullish rally towards $9. As long as the stock trades above $7.50 I will be looking for long opportunities.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
