The double bottom on the daily chart, found at the 29961 price support, is nearing confirmation. If the active daily candle closes above the 34445 neckline resistance, the pattern is confirmed, and we could see a bounce in price that targets the 37895 resistance. Attainment of this point marks the completion of the measured move. Bulls would need further momentum to break this point and the descending trendline that marks the extension of the neckline of the completed head and shoulders, which triggered the 19 May decline. If this is successful, 40137 and 41912 could become additional targets to the north. On the ... (full story)