@rmrm06 Here is the daily chart of CNB which shows a new demand level has been created which basically means that buyers outstrip sellers at this area. Another theory worth noting is CNB is trading well above the 8ema and can can be held for as long as it remains trading above the 8ema. If I really had to find something to worry about it would not be about holding CNB in these circumstances.
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- Day Trader’s Aftermarket Lounge 7 Sep 2020
Day Trader’s Aftermarket Lounge 7 Sep 2020, page-56
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