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Sunday, June 17, 2018 10:18:21 AM
I'll try to post it today. It was the day mcig gapped up in the morning from the prior closing price and never came back to completely fill. It was nut a daily gap. You need to use a 5 or 15 min candle to see it. Everyone gets butthurt when I bring these up. It sits right around the 50 day sma, which is why I still think it has a good chance to fill.
If it fills, it's not bad...imo. Everyone thinks I only bring up the bad because it doesn't fit their agenda. If I were long, I'd want all near term gaps to fill and for the 50 day sma to hold, consolidate, and build. Get closer to that long-term downtrend line and then make another run at it from an rsi base of 50. Need to break the newly established 37+ high and regroup for the 42, if needed. That would be very bullish and healthy...imo.
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