Multiple levels of resistance here, first at the 50-day moving average. If it overcomes that then next resistance is the June 2005 downtrend-line where it meets resistance at the 200-day moving average. Overcoming the 200-day moving average and June 2005 downtrend-line puts it in the path to contest with the 61.8% Fibonacci retracement level from the June 2005 high where the downtrend began. Volume and OBV should dictate whether these resistance levels can be overcome. Cross-post: http://www.thebulltrader.com/forums/index.php?topic=164.0
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