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UnknownUnicorn2122578
Mar 15, 2018 9:41 AM

MYO Update Long

Myomo Inc.Arca

Description

Having some fun with this one

Comment

Fibo accurate
Resistances at 5.4 and 6.2
OBV keeping up
RSI underbought
Support at 3.5

Impending move in next week
Comments
zab1e
Thank's Zohair! I am still kinda new to charting and I'd appreciate your feedback on my chart. According to my trendline, the chart is still not broken.

UnknownUnicorn2122578
@zab1e, Yes if you can take the trendline starting from november low and exclude december low as noise, it is not broken. In general trendline can be anywhere on the candle but cannot be crossing a full candle
UnknownUnicorn2122578
@zab1e, but I think we have broken the downtrend line, and will now see a bearish channel (bollingers are very tight, stoch rsi is indicating a move down). Our first retest will be 3.55 to 3.75 area, and if that is broken it can possibly go back to 2.7.
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