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The key thing from the picture you posted is a triple testing of...

  1. 3,048 Posts.
    The key thing from the picture you posted is a triple testing of the support, indicating weakness in the SP. A double testing of the SP can provide a solid base for a run up. The key is to watch what happens the next time $2 is tested. If it runs up to $2.30 and holds, then MAk is gold, if it drops back a third time to $2 then fold. (Just looking for rhyming)
 
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