The bullish action of the last week has not negated those nettlesome targets down around $11 – that would take a pop above 13.885 – but it has reduced the likelihood of their being reached over the near term to a very low order of probability. More immediately, a thrust of at least 37 cents originating from anywhere north of 12.335 would signal the onset of a potentially much more powerful rally — one that could hit 14.02 before mid-May.
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