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Day Trader’s Weekend Aftermarket Lounge 29-31 May 2020, page-226

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RockstarJones

13,590 Posts.

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31/05/20

17:56

Post #: 44947120
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Originally posted by Jukes__: ↑

Hey RockstarJones,

I just saw your post. I had a look at this stock and posted my findings below. The only thing you might have missed is the massive volumes it did on Friday. Its an insane amount of buying for this stock. If you want to be technical yeah its a double top but you have to remember the candle is a positive one which means more buyers than sellers are entering into this trade. Its a solid body candle which means there wasn't much selling pressure. Now naturally when a stock hits its 52 week highs it will test the high, so it still might re-trace and go down but there is also a chance it can go up. The volumes are significant in my opinion. I will be watching this closely to see how it unfolds because it can go either way. I personally think the probabilities are in favour of going higher but let's wait and see.

Cheers

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have a read of my last post
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