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Re: None

Thursday, 08/17/2023 6:24:31 AM

Thursday, August 17, 2023 6:24:31 AM

Post# of 21296
The monthly middle Bollinger band is at .035. The last time this broke was December, 2021 so I would be shocked to see it not hold. But I was shocked to not see follow through after the breakout above .058. .....058 was massive resistance on the way up,testing it 3 times before breaking out. It turned out not to be the support I anticipated.
I still believe, as I did in February,that this is a correction similar to the previous two corrections which were months long.
Attempting to remain a non-bias technician, however, if .035 were to break on a monthly close and the previous low of .032 were taken out,I would revert to the long term uptrend line. Alot of "ifs" ..
As for the upside on the next run, my question, fundamentally would be, what is the msrket cap of GDVM competition? We should match that, especially if we get NVDA.
https://stockcharts.com/h-sc/ui?s=GDVM&p=D&yr=10&mn=3&dy=10&id=p76635317957&a=1460294311&listNum=1
Bullish
Bullish