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Ucore Rare Metals Inc. (TSX-V: UCU) I've had really good success with Ucore in the past (see Successful Trade and How to Trade Chart Patterns) and I think we are ready for another run on it. Indicators right now are in the 'undecided' zone and we're forming an Ascending Triangle on the daily with resistance at $1.00. What would trigger the buy signal on Ucore is a close above $1.00 on above average volume, with about 3 millions shares traded. It lost its long term trend line with the Japan crisis and has recovered quickly from it. My first target on Ucore is at $1.20 for gains of 20% and if it posts a confirmation close above $1.20, that resistance line now becomes support and we would potentially see $1.40 or $1.50 this time around.
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