Wednesday, April 16, 2008

XING: The Rectangle


(Click On Chart To Enlarge)

XING has been consolidating after the Ascending Triangle breakout above 5.88...5.89...5.89. If it can breakout above the 7.24...7.25...7.24 highs of this Rectangle, that would put a target of 7.71 IN PLAY, near the 7.79 February 4 high of the Bearish Rising Wedge, as long as XING would trade above the breakout.

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