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inco1
Jun 28, 2017 4:50 AM

$spg cup and handle forming  Long

Simon Property Group, Inc.NYSE

Description

-higher time frame shows price breaking through 50 day moving average meeting resistance at previous support at 163.5x area
-mid time frame is showing bullish price action breaking out of resistance area of 162.2x but right away meet resistance at 163.5x
-looking for price to consolidate and pullback in a tight range bound consolidation for a big breakout with momentum completing the cup and handle pattern on the higher time frame
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