Chart as at 20th February 2014 1112 am.
Since the last posting on 12th February 2014 a pullback down into the yellow support zone and a nice rebound has happened.
Take note that the yellow zone has been updated to include the latest chart data.
This yellow support is the springboard that launched a breakout above the blue downward sloping neckline zone and propel price into the blue ellipse target area shown in the last posting on 12th February 2014.
The blue ellipse region has been updated to show 3 support and resistance zones:
1. Immediate support is the orange band.
2. Immediate resistance is the pink zone
3. Next resistance is the light blue region
Take note that the neckline zone has reversed its role from former resistance zone to the new support area.
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