POWW is trying to hold the $7.50 support which is a good sign but if it doesn't I think that it will present even better trading opportunity with very obvious entry and SL area. Keeping some cash on the side in case we go down to $6.50 zone. Cup & Handle idea still valid with $14.00+ target should it break above $10.00.
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Daily candle is not the worst. Psychology of today's price movement resembles that of inverted hammer and could signal end of downtrend. A lot riding on overall market conditions but it's looking fine.
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Looks like bottom is in.
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trying to hold right at support it either bounces here or the idea is invalidated unfortunately