AI
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| Alias Born | 03/23/2013 |
Friday, December 17, 2021 1:06:31 PM
I respectfully disagree. IMO, you are seeing a back test of broken support on good volume. The significant overhead resistance hints it could merely be a dead cat bounce.
The real TA damage occured when prices fell out of the triangle and broke the base. If I were still long, I'd sell into strength.
AMC Daily:
AMRN on the other hand, has displayed capitulation of weak hands near the basement. The weekly chart shows a nice reversal in the making.
AMRN Weekly:
What happens when the boat full of shorts says enough and covers en masse, along with new year bargain hunters who see a triple bottom with prospects of a buyout?
Things could change rapidly.
The real TA damage occured when prices fell out of the triangle and broke the base. If I were still long, I'd sell into strength.
AMC Daily:
AMRN on the other hand, has displayed capitulation of weak hands near the basement. The weekly chart shows a nice reversal in the making.
AMRN Weekly:
What happens when the boat full of shorts says enough and covers en masse, along with new year bargain hunters who see a triple bottom with prospects of a buyout?
Things could change rapidly.
