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Here's the 20 Week EMA doing its thing, since the Covid...

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DmitriMA

3,996 Posts.

247

16/04/24

10:16

Post #: 73362921
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Originally posted by DmitriMA: ↑

Another way of looking at this is a breakdown from a Rising Wedge...

Downside target range indicated, coinciding with 100 day EMA
(roughly equivalent to 20 week EMA)

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Here's the 20 Week EMA doing its thing, since the Covid Crash...

If you view that as a kind of Cup & Handle formation,
suggests upside target around 5700.
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0 Great analysis

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