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Wednesday, February 06, 2019 1:07:46 PM
If you look at the 60 day or 90 day chart its easiest to see but the current stair stepping trend that has been slowly climbing has a few steps that are not to hard to call out. I am talking about the up and down cycles.
If the current trend continues, then the downward side that we are currently in should end sometime next week with the bottom someplace close to $4.40 - $4.50 or so. That's where the price will meet the supporting trend line. It bounced off of it last time and unless there is news to say otherwise, then it should happen again. See my example chart below. It's not an exact science but the orange Pin is where the bounce should happen next week?
A fool and his money is a friend indeed.
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