Weed closed just under the 200 MA on the 1 hour chart. This MA is sitting at 30.95. A strong open and 30.95 will be our new support. We should then make a run at 31.75. If we reject then I expect support to kick in around 30.20. These do not mean we are back in a downtrend but with no news and weak volume at close I dont expect a strong open. Ill be looking to buy back into the big 3 at one of their big supports for the next run.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.