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Looks like it might turn - up 4.4% today, stochastic shows a break. What do you all think. Huge trading volumes...
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2 REPLIES 2
NJ_1
Frequent Contributor
Huge trading volumes? Today's 8.8m compared to two red days of 19 and 27m?
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divz
Super Contributor
SSoc and MACD(below the line) shows a break. Nice kangaroo tail on the 8th indicating a reversal. Retracement from the 25th to the 8th shows resistance at 1260 and again at 1280 would have to see if it breaks through that.Closed yesterday above the 11 and 22 ema. All the signs good except volumes yesterday were very low but as John posted yesterday these low volume days can sometimes prove critical in breaking resistance lines.
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