SPH,
Stochastic shows overbought
Looks like 5 waves from Dec 14 to March 12 and if so look for an abc correction to the 38.2 fib and support at the $1.34 level. Couple of gaps to fill at 1.49 and 1.33.
Would not be surprised to see profit taking continue.![]()
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weekend charting 12 march, page-6
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Peter Batten, MD
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