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tradeusphog
Jun 22, 2020 2:58 PM

RDS.B Long Long

Description

Assuming that you trade using a daily chart (position trader/couples weeks to month holding period), I wouldn't even entertain this until it spends some time above $46 and got there with some momentum.

- It's in a strong downtrend on the daily chart and is in a pullback that will probably take it up to $44 then turn down.
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