Initial support at 32.5 and now at the higher 40. The move through 57.5 activated that target to the upside of 85. It could be achieved in one single column but noting the previous reversal at 67.5 (from that high column of X's off the bottom), we may see a three box reversal to the downside first. Needs keeping an eye on to see how the pattern develops, but 85 is the target.Tuesday, October 4, 2011
TZA
Initial support at 32.5 and now at the higher 40. The move through 57.5 activated that target to the upside of 85. It could be achieved in one single column but noting the previous reversal at 67.5 (from that high column of X's off the bottom), we may see a three box reversal to the downside first. Needs keeping an eye on to see how the pattern develops, but 85 is the target.
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