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TWX: Channel Setup

BATS:TWX   TIME WARNER INC
108 0 0
Caught my attention as TWX             has been in an upward channel and testing support at the .886 harmonic fib level. Price appears to be forming a bearish descending triangle , and if broken, will likely test the 1.618 fib level. If price does not break support, expect a long channel continuation.
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