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HOC possible 123 Low???

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12 years 6 months ago #7937 by Food4Thought
All gold/silver miners falling heavily

Rising wedge broke down today. I have trendline support in the 242 area then horizontal support at 215 and the 50% retracement of the 135 move at 213 but that would make a lower low. RSI has broken support and the warning was in the MACD divergence.

Probably better to let this find a bottom.

uk.advfn.com/p.php?pid=chartscreenshotsh...FRVQKpFDyxhi15JQE%3D

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12 years 6 months ago #7982 by Food4Thought
Down another 4% so far today. Could move either way tomorrow after Fed news, so worth keeping an eye on IMO.

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12 years 6 months ago #7983 by diver993
Replied by diver993 on topic HOC possible 123 Low???

dl.dropboxusercontent.com/u/7238706/HOCHSCHILD.png

IMO could fall to around the 200 mark where there is long-standing support. It would also represent a pull-back to the target area between 50 & 61.8 fibs of the recent swing to 291.5.

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