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Maybe more up? Let's see whether bulls finally can make two consecutive up days.
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Intraday: new swing high it is bullish bias, the Gap and no go, but dips will be bought until the bears can break under 38.2% to say something else is coming. it is what it is.......
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Possible double bottom, need break the blue line decisively to confirm.
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The line has been tested several times so breakout on the upside is more likely. Noticed when I said "breakout is more likely" the breakout would indeed happen but mostly couldn't hold.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.