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The range is formed by the 38.2 percent and the 23.6 percent Fibonacci retracements on the uptrend from the July 29 low of 18.71 cents to the Aug. 8 high of 20.92 cents.
A break above 20.40 cents could lead to a gain into the range of 20.60-20.77 cents, formed by the 14.6 percent and the 7 percent retracements, while a break below 20.08 cents could cause a loss to the 50 percent retracement at 19.82 cents.