CNW broke major technical support about 6 weeks ago when it went through support level at 3.4. We rallied back into the bottom of that 3.4 on Friday it will be resistance for a while. Anyone who got caught out at the breakdown and is a technical trader rather than an investor will be selling any rally into 3.3 -3.4. Once they are out then we can take off.
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Big Volume Dump (positive Imo), page-45
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