There are signs of distribution by the institutional trader at the top.
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POSSIBLE SIGN OF DISTRIBUTION.
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Price is now below EMA20
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Price is below the demand zone validating possible distribution both on weekly and monthly chart.
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The stock is already on a downward trend. support line/demand zone broken at N40.00 The next support level is at N24.00 and N14.00.
December candle formation is an inside day bar. The direction of the coming month price action will determine the stock direction.
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