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The rebound was triggered by a support at $11.57 -- the 76.4 percent Fibonacci projection level of a downward wave "c". Based on a Fibonacci retracement analysis on the fall from $11.97-3/4 to $11.52-3/4, it is hard for prices to travel beyond $11.75-1/4, the 50 percent level.
A rise above $11.75-1/4 will be capped at $11.80-1/2, the 61.8 percent Fibonacci retracement.
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