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Tuesday, January 11, 2011

NIKL Chart

First it created a rounded Bottom, It may form a Cup and handle or my favorite Bullish Pennant ( I am bias)
During its 2 days drop, volume is very low. IPO volume was 71M. yesterday was only 2.8M
Needs to break 19.40 for the line of least resistance. ( No Losers, only profit takers ). Do not forget your stops.
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