AI
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| Posts | 2559 |
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| Alias Born | 03/06/2013 |
Saturday, June 27, 2020 11:00:29 PM
At a quick glance it looks like a big drop is setting up here, but that's where technical analysis comes into play. 50sma 200sma cross matters a lot at this critical juncture on the chart.
The 50sma almost made it back above the 200sma on this strong bullish move off the march lows. I went back and based on whats happened in years prior, it's very likely to continue upwards after a further drop to the 50sma. I'm gonna buy calls if it drops below the 50sma. Look at this chart.
The 50sma almost made it back above the 200sma on this strong bullish move off the march lows. I went back and based on whats happened in years prior, it's very likely to continue upwards after a further drop to the 50sma. I'm gonna buy calls if it drops below the 50sma. Look at this chart.
