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pimpfreud
May 9, 2018 5:31 AM

VXR: Head and Shoulder Pattern + Death Cross + Descending Tri  Short

Description

Unless something fundamentally changes the stock isn't looking healthy. Low volume signaling a large movement about to occur within a bearish descending triangle and with the stock trending under 200 EMA. This is after completing a bearish H&S pattern. However, it is to be noted that the SMAs are building towards bullish momentum, so a close eye must be maintained for any anns that will reverse the tide down.
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