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Monday, December 28, 2009

ARGN


If you look at this chart long enough, you can see a double bottom base. The right bottom is a bit lower than the left bottom, a factor that O'Neill sees as vital for a successful double bottom base. The breakout point is the high point of the middle peak, in this case the blue line, in which case the actual breakout was Thursday, although it didn't get breakout volume. It did today.

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