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tradingzebras
Apr 17, 2019 4:43 AM

Potential swing trade setup Long

MEDMEN ENTERPRISES INC. CLASS B SUBORDINATE VOTING SHARESCSE

Description

The last 2 times it reached the bottom of this channel it formed an equilibrium and then reversed directions. I expect it to first consolidate below this 12-period EMA line as it has done in the past. MACD is about to cross bullish on the 4-hour. Breaking of the RSI resistance level of 44 will help to confirm breakout.
Comments
tradingzebras
Apparently consolidation was not necessary this time.
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