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Friday, January 4, 2008

ABS: Ascending Triangle

Is this ascending triangle in the form? Well, it's still early to tell. But, my observation the stocks established support @ 32.50 and resistance @ 34.50. If this is indeed an ascending triangle and it breaks out the target price @ 37.50 or might as well break its previous high @ 38.50.

Ascending Triangle
ABS Chart January 04, 2008 O-32.50 H-32.50 L-32.50 C-32.50