Posted On: 01/19/2014 6:46:41 PM
Post# of 2561
AGOE Weekly Chart ~ Rising Channel with Horizontal Resistance
Remember my favorite rising support line/horizontal resistance formation? Well, here it is on a Weekly. While up a decent 96.37% last week, what's even more impressive is that the horizontal resistance line, in place since July 2013, has been taken out last week. That's six green weeks out of the last seven weeks with the sole red week the lowest volume week of the last six. The dollar volume of last week's trading has far exceeded the dollar volume of the other two spice in October and December as those two were accomplished at much lower share prices. Additionally, the MA200 on this weekly offered no resistance whatsoever. All systems go as far as I can see. GLTA
Remember my favorite rising support line/horizontal resistance formation? Well, here it is on a Weekly. While up a decent 96.37% last week, what's even more impressive is that the horizontal resistance line, in place since July 2013, has been taken out last week. That's six green weeks out of the last seven weeks with the sole red week the lowest volume week of the last six. The dollar volume of last week's trading has far exceeded the dollar volume of the other two spice in October and December as those two were accomplished at much lower share prices. Additionally, the MA200 on this weekly offered no resistance whatsoever. All systems go as far as I can see. GLTA
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