Friday, November 23, 2007

TA - might have found support and bottom


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TA = 1.34 (4.7%)

TA formed a white candle with higher high and higher low. Bullish.

TA might have found the bottom of its downtrend and seems to be looking for a level of resistance.

Said bottom can be considered a level of support but since it is lacking in volume TA might merely be consolidating or moving sideways.

Good luck to all TA traders!
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