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Alias Born | 03/20/2012 |
Wednesday, November 17, 2021 5:59:30 AM
Looks like Tuesday was a capitulation day in the current 6 day slide. The good news is the closing price was a tick above the opening price and formed a doji candle. This usually is a good sign as being the signal for a reversal. Also the low of the day held strong above the key support area of the 200 day moving average which in my opinion is the very bottom of this trading range. I believe Wednesday is going to be a good day for the stock in starting a turnaround. And by all rights... It should! Best wishes everyone.
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