Closing chart for today - shows the 77.6-80 cent zone which is more appropriate when looking at what is going on.It has closed above the top of the zone with a spinning top candle which like a Doji reflects uncertainty. Probably doesn't really reflect what went on today with the selling that pervaded the price action after lunch.
Until the market uncertainty is lifted, hopefully tonight, it is hard to be really certain about the trajectory. I did expect some selling into the announcement but nothing quite as targeted as we saw today, it was relentless at times. However depsite the hoop-la we are still in an uptrend, a bit wobbly, but closed above 80 cents and tomorrow is another day.
Daily COB December 16th
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TA discussion, page-1643
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