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02/07/18
15:48
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Originally posted by bensh10
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That is what TA suggests. We have 200 EMA and the long term uptrend line sitting there at around $15. IMO, you need a serious downgrade of the stock by some bad news to break those resistance levels. Otherwise on no news, that is where every previous leg has consolidated to. So, I would say it should be a buy now, unless otherwise proven.
We might have one more small cycle in the downtrend channel, but SP shouldn't get any lower.
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It just did...
TA is just bs for short sellers to manipulate the shareprice so they can shape it however they like. All those indicators are just made up to make them sound smart.
Warren Buffet doesn't do TA.