pseng88
Long

$eric ascending triangle on intermediate

NASDAQ:ERIC   ERICSSON ADR EACH REP 1 ORD'B'SEK1
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higher timeframe is in defined uptrend and finding support on trendline
intermediate time frame is in accumulation phase after short markdown showing price action making higher highs and higher lows on trendline
moving towards the .236 retracement level of 7.30
rsi is confirming the move and has room to run and break resistance
lowertime frame is showing alignment in consolidation in upper range in resistance area of 7.3x - will watch price action from there
possibly breakout of resistance and pullback- slowly finding its way to the 7.43 area and watching for a breakout of that resistance are
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