Inverted hammer waiting for confirmation. Immediate resistance is the red downtrend line followed by the 20 days EMA resistance line. Breakout above 20 days EMA will propel price towards 43 cents the recent peak and provide momentum to establish a new higher peak. Immediate support is 34 to 31.5 cents band formed during the recent low in March 2008. Major support is at 30 cents and support failure here will result in further downslide.
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