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11/05/09
17:38
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Here's your chart Haans
Weekly chart moving average turned up last week.
Price crossed above the moving average a few weeks back & still there.
Both are positves.
MACD line heading north towards the centerline & positive momentum.
Last week's low saw the price in the expected 50-61.8% Fibonacci retracement level of the recent 10-29c run.
The ADX shows no sign of a trend & RSI is in a neutral position also.
TXN looks to be in a bottoming Head & Shoulders reversal pattern. Tip of the right shoulder formed last week.
A closing price > 27.5c, (30c to be safe), within the next 2 months should result in a target of 45c.
Note the previous November high @ 50c, the next resistance level.
IMO, DYOR
Regards
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