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hopester

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hopester

Re: Go Hawks13 post# 41021

Thursday, 10/14/2021 6:14:45 AM

Thursday, October 14, 2021 6:14:45 AM

Post# of 60665
Yup; As I said in post#41009, and shown in the 3 year chart, the multi-year base was formed prior to the big move up. The current base is short in duration and while a rally in the stock is likely, that too will be short in duration.
Reason: There's formidable resistance at many levels above the current price ( the 1st being $8 - $9 ) and the base simply is too short.

One doesn't have to be a rocket scientist to see it. Any understanding of basic technical analysis is sufficient.

And Splits and Reverse Splits clearly do not change patterns.
Its a simple proportionate adjustment in px that occurs.
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