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On August 29 we mentioned that TLCV was testing the resistance of a long-term trendline. We noted that traders would expect to see the stock trend lower until the bulls would be able to push the price above the sloping resistance. As you can see from the chart below, today's 10.72% gain was enough to send the price above the trendline for the first time since the decline started in November 2004. This move, which we've been waiting for since August, is the first bullish sign that has appeared on the chart in months.


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