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Post# of 704365
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Sojourner55

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Sojourner55

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Monday, 03/06/2023 12:28:31 PM

Monday, March 06, 2023 12:28:31 PM

Post# of 704365
Classical bull wedge. Price has levelled off after coming out of the wedge with hardly any volume to speak of. The recent low of 0.647 is still on an uptrend from 0.601 and 0.631. The past 2 weeks has basically flat bottomed at 0.65. So here we are waiting for MIA that will release the energy pent up in the coil (wedge). Note MACD has been weaving between positive and negative and turned positive two days ago. The positive divergence is very clear on the chart.

Pedal to the Metal

Charts and comments are provided for interest and discussion for those who share a common passion for trading. This by no means constitute investment/trading advice.Scenarios created are for educational purposes only.

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