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Oct 17, 2022 5:36 AM

PNM - Breakout Scenario  

PNM Resources, Inc. (Holding Co.)NYSE

Description

Price within a large expanding structure
A lower trend line below the top of the expanding structure has formed in the dashed line, this may act as a support and break out further up
A trend also can be drawn with the dotted green line, showing a breakout with the bars pattern accompanying
Bullish potential on this Weekly timeframe

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