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The support was at the 50 percent Fibonacci projection level of a downward wave C, the third of a presumed three-wave cycle from the June 30 high of 21.22 cents. This wave is capable of travelling to 19.39 cents, the 61.8 percent level.
The chart pattern from Aug. 8 to Aug. 24 looks like a double-top, which has almost been confirmed. It suggests a target at 18.06 cents. A break above 19.69 cents, now a resistance, could lead to a gain up to 19.82 cents, a trendline resistance.