Hey Ray,
For what its worth, IMO, having met resistance at 100% of Range from low of 11.5c on weekly (R = 3c the run from 11.5 -14.5) 14.5c is a key level and will spent some Time consolidating here IMO, if/when Ctp can close above 14.5c, I think we can expect 200% of range from Triple bottom of 11.5c which would be 17.5c as being major resistance and a possible reaction to follow.
All speculation of course and Dyor but thats what I think and I don't think we will see 11.5c again for some Time.
snider
technical update, page-22
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