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Wednesday, September 3, 2014

PSO Chart 03rd september 2014

Penetration of more than 50% of dark cloud cover into White body of yesterday. Volumes also increased, suggesting a buying blow off. Today's the chart opened up above the resistance level of 387 but could not maintain it. if, close above the high of today's dark cloud cover, would be considered another bullish rally, otherwise it would be a trend reversal and high of dark cloud cover would be a top.   


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