Sugar Rat/Bouncing off Support *PIC*

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The Sugar Rat broke out over the Jan high price resistance of 24.50 and ran up to 25.50 resistance and has pulled back to the 24.50 breakout point support. Price is bouncing off this breakout pt and testing it for support. So far so good with the test. Price needs to hold above this support and clear the 25.50 resistance pt to expect to reach the "cheese" the Sugar Rat is focused on. That latest resistance pt is also the Fib 50% retracement level of the Aug to Dec selloff and is also resistance.Failure to succeed will see him back in rehab or even all the way back into his outhouse. Seasonal trends in all time frames are the most bearish of the year from the beginning of March to the end of April.

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