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luckyluuuc
Jun 23, 2021 2:32 AM

Descending Triangle forming on QYOU  

QYOU MEDIA INCTSXV

Description

Initially investors believed a cup and handle formation was forming on QYOU. Amazon news was dropped at an opportune time on the handle but seemed to fall on deaf ears and began forming a descending triangle.

Comment

Bearish signal confirmed. Break below 0.33 support. Next support level near 0.285
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