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Breakout is failing. Mid day reversal to fill opening gap then back up into this gap for the close with gap closure Monday seems possible in this market.
'U.S. public company insiders offloaded shares worth $24.4 billion this year through the first week of May. That’s almost as much as the $30 billion total they disposed of in the second half of 2020.'
[bloomberg]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Volume surge, overshot, so maybe an exhaustion bar therefore a little pullback here first which likely would be bought though.
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The very first test of EMA20 in many many hours so should attract some buyers. Watch for EMA long setup.
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Friday close has been very strong recently: Bears dare not to hold over the weekend. Let's see if today still is the same.
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