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Price action is already well below the 200ema

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kipper57

7,231 Posts.

628

01/03/23

14:32

Post #: 66539486
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Originally posted by P0RTER: ↑

My guess is ci1 will likely bounce off the 200 day support level, it seems to have bounced on it twice, this will be a key area of support and likely volume, judging by today's selling pressure it seems to be the early stages making this suggestion as seemly out of nowhere like clockwork we see some big sell trades, this could even be a play to move the market in the intended direction before proceeding, I think it will be very healthy to see a pullback followed by a bounce from the moving average. Macd and shorter time frame moving average seem to support this.

This is not a financial advice it is merely a guess based on looking at some previous chart fundermentals.

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Price action is already well below the 200ema

CI1 Price at posting: 16.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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