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My version of the down channel but missing todays candle...

  1. 320 Posts.
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    My version of the down channel but missing todays candle (delayed data).

    I currently see support levels at $20.00, $19.75 and $18.50 before the $15 previous low.

    $20 is a long term support line.
    $19.75 is the upper resistance between Mar 19 and Apr 9, it also has become the support line post that date (15 apr, 21 apr and today).
    $18.50 is the lower support between Mar 19 and Apr 9.

    Above I see resistance at $22.50 and $24.50 as well as the down trend line currently around $22.




    I would see a possible 10% upside from here to $22 hitting our down trend line but on the flip side you could be looking at a 25% downside to $15!

    But as has been shown in other threads my reading of charts is still lacking so take all with a large grain of salt :P
 
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