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above cloud macd good other indicators good cmf is neutral watch 50 day ma possible trouble [/we like j hook pattern
Although price is trading in an up channel, the upper end of the channel is showing some profit taking. This immediate order flow is providing the downward force which looks to target the $6 range, if at least to test the lower boundaries of the channel. Notice the time that the previous retracement in 2011 smacked this stock for a 61% sell off before...
Price spiked down below the Median Line will have equal opposite energy reaction above the Upper Parallel. Let's see if the price will retract back towards the Median Line.