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Tuesday, October 26, 2010

Waiting For Catalyst.....

STI is currently going through a "pause" from the steep uptrend.

An ascending triangle seems to be in the making. Watch for a strong breakout ( if any ) from $2.20 with high volume... If the breakout occurs, the potential target at $3.40 is likely to take several months to achieve.

This counter is under-going a pull back from the steep uptrend. A good area to buy is when prices bounce back from the shaded area in the chart ( $5.95 ~ $6.05 )

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