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Message: double top on Feb 8/12

On Feb 8, 2012 I received this technical indicator for Probe. It's called a double top and seems to be very acurate in predicting our target price. rosehill

Tells Me: The price seems to have reached a top, after failing to break through a resistance level and ultimately breaking downward in a sign of reversal to a new downtrend. The Double Top pattern forms during an uptrend as the price reaches two distinct peaks at roughly the same price level. Volume reflects a weakening of the upward momentum, tending to diminish as the pattern forms, with some pickup at each high, less on the second high. Finally the price breaks down below the lowest low to confirm the bearish signal.

Event Date: Feb 08, 2012
Opportunity Type: Intermediate-Term Bearish
Close Price: $2.00
Target Price Range: $1.10 - $1.25
Price Period: Daily
Volume: 357,998
Pattern Duration: 83 days
Inbound Trend Duration: 89 days

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