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What I see... + Hirami candle pattern on very high vol. + A close just above, and supported by, the 50MA + Additional support provided by the rising trendline + NR7 bar + Narrowing Bollinger + Side way move on narrowing range + MACD is stepping into bullish territory + RSI is also breaking above 50 + The previous spike in vol was followed by a 3 weeks bullish run
- MACD is flat at neutral - Late April high serves as the closest resistance at $12 - RSI is less than convincing
What I setup + Long entry above Thurs high - Stop under Wed. low + Target at 0.382 Fib :: Duration - 2 to 7 days -
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