TA of MQG 29/10/2011:
In this picture we can see that the green resistance line is passed up.
If the price will manage to be closed higher Monday we would say that the neckline of the Head & Shoulders been passed up successfully and the target could be around $30.00. Also the volume is higher which is a very important when share passes up the neckline.
In a longer term the neckline is part of the resistance line (green) which should be passed up successfully for having the upward trend.
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technical analysis from iced earth, page-32
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