Looks to have completed a 5 wave advance from the July 2010 low of .05c, caveat being the Jan 22 high of 2.2c is end of wave 5. If it is look for an ABC correction of wave 1 of a higher degree. Divergence in the stochastic combined with the overbought territory may provide a lower entry off fib numbers or other support. It is in a nice uptrend having cleared the 50sma Oct 2010 and produced higher highs and higher lows so trend and structure looking good.
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Looks to have completed a 5 wave advance from the July 2010 low...
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