Could there be a dajevou pattern emerging here with EAX?
From the list in October 11 the price was in a range of say 1.15 to 1.29. When it started to go above the 1.29 resistance in December 11 it rose to a new sideways range of say 1.65 / 2.00. The SP broke above the 2.00 resistance in late August 2012 and is heading skywards.
The increase in 2011 was 28% to 1.65 and 55% to 2.00. If that were to repeat itself, the rise from 2.00 of 28% would take us to $2.56 and 55% would take us to 3.10. Then a 2.56 / 3.10 range sideways? The fundamentals would certainly support these prices.
Or is this just too neat?
great acquisiting, page-17
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