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When I quote those numbers I'm not saying the SP will trade down...

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ProCapitalism

4,439 Posts.

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12/01/18

01:04

Post #: 30242957
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Originally posted by ProCapitalism ↑

Absolutely mate. I understand where you're coming from.

But I don't pull figures out of the air, I just tell people what the charts say.

The maroon Kijun Sen line is at $3.93 that will be the first level of support.
The top of the Kumo (shady part) is at $3.74 that will be the next level of support.

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When I quote those numbers I'm not saying the SP will trade down to that level.
What I am saying is these areas will act as support so IF, I will repeat IF, the SP trades down to those levels buyers will start coming in to support the SP & prevent it from falling any further.

IMO

GXY Price at posting: $3.98 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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