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Thursday, May 17, 2012

WNR - Bullish Case Developing

The pivot (cyan horizontal line) in the 60 minute chart was taken out today with volume.  Now flagging to take out 18.88.

On the daily, the descending trend line was also broken, but now need volume for the rest of the day to validate the breakout.  Ideally a break of 18.88 with volume would confirm the buy signal.

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