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Wednesday, May 6, 2009
SPC 06/05/2009
SPC faces trendline resistance as the price touched the upper trend line today. It also met the inverse H&S TP of 4.01. Again, it doesnt mean the price cannot go higher, but, caution needs to be exercised on any long position. Overhead resistance lies at 4.2. Any consolidation near the bottom trendline should be good.
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