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TraderRich

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TraderRich

Re: Bona Vista post# 1955

Sunday, 06/07/2020 11:08:44 AM

Sunday, June 07, 2020 11:08:44 AM

Post# of 4142
IF it goes higher it's going to find resistance at 7.05 - 7.35. IF it pulls back more it will find support around 4.06. If that doesn't hold it will find support around 3.42. If it finds support around one of those price points, it will consolidate and move back up to the 7.05 - 7.35 range within approximately a two week period. From there it will launch to a price of $13 - 13.37. If it continues higher from there it will eventually reach resistance around 15.43, and if it pushes higher it will get to a price range of around 18.30 -18.76 before finding more resistance.

On the other hand, if instead the aforementioned 3.42 support fails then your last hope is 2.74. IF that doesn't hold longs are going to be an unhappy bunch. IMO

I'd go on but the future gets fuzzier the further out I look.

;)

Always better to be out of a trade wishing you were in than in a trade praying you were out!

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