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4,301 Posts.
326
04/01/12
16:09
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On looking back over the 12 month daily chart I see a set up today that looks very similar to that in February of last year.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=AU%3Aayn&time=8&startdate=1%2F4%2F1999&enddate=6%2F29%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=25&y=14
That action took AYN from 4 cents to 8.5 cents. The next move (in March/April) from 5 to 14.
My feeling on what we know, and past performance, that a move up in the next few weeks to a new high of around 15 or 16 cents is looking reasonable.
Any takers for two bits ?
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