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Tuesday, April 16, 2024 3:23:46 PM
MULN has perfectly aligned with the base of our wedge support, signaling a potential bounce from oversold conditions. Yesterday's 15-20% drop provided a much-needed opportunity, and I've taken advantage by adding positions at current prices.
Both LAZR and MULN's trajectories hinge on the VIX's behavior, which appears poised for a drop below 18 in the coming days. Keep a close eye on the VIX as it forms a daily bearish piercing pattern, aiming to breach previous resistance levels. We need today's candle to close with at least 50% of the prior candle "eaten" by its wick. Check out this video for more!
** All info posted by Candlestick Ninja, CandlestickNinjaTV or any other related posts or channels are for info or educational purposes only and should not be solely acted on for any buys, sells or trade executions... these are not recommendations, I'm not getting paid comms or fees ;)
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