Wednesday, April 2, 2008

DNR Update

Here's an hourly chart for DNR. And what I'm seeing, which may be a little far fetched, is an inverted head & shoulders pattern. The second shoulder looks to have been completed today (depending on where you draw your lines); but if it is a H&S pattern then it's a skewed one.

To be honest, I don't think it is and I really just want it to get up and over 30 with volume. 30 right now is heavy resistance. We'll just have to see what happens over the next few days...

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