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The resistance is provided by the 76.4 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Aug. 2 low of $3.99-1/4. This wave is capable of travelling to $4.34-1/4, the 100 percent level. A more realistic target could be $4.30-1/4, the 86.4 percent level.
A further correction from the current level could be limited to $4.20, the 50 percent level.