From the chart above, a bottom head and shoulders formation formed from 03/05/2010 to 14/06/2010. A break above the resistance of the formation which is 23.80 with the high volume made a confirmation of the bullish signal of the stock. From 17/06/2010 to 16/07/2010, a top double mount formation had formed. A break below on 29/07/2010 with a very high volume gave us a very bad bearish signal. On 03/08/2010, a black hammer with a test above of the resistance (24.60). Indeed, another break below of the support line of 23.80 with an increase of volume made a confirmation of bearish signal. However, from 10/08/2010 to 09/09/2010, another bottom head and shoulders formation had formed and a break above of long white candle with high volume on 10/09/2010 gave a mini bullish signal. However, the confirmation can only be made when the break above of the 200 Moving Average line and the previous double mount resistance (24.60). Upon now, watch on 13/09/2010.
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