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Wednesday 12 March 2014

BORNOIL Symmetrical Triangle breakout


Bullish signal triggered during morning trading session,target price at around 0.87 which is based on the triangle price projection.

After the symmetrical triangle breakout with high volume, the strong resistance is at $0.71. The bulls and bears are now fighting at this mentioned level, closing price of today need to stay above $0.71 with high volume. Then the BORNOIL has a high probability to trend higher to retest next resistance 0.745.

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