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Bounce to $166 before continuing the descending channel?

131
Bullish Signs:
  • Bullish divergence on the RSI
  • Bullish divergence on the MACD
  • Double bottom potential (could bounce in that range though)


Bearish Signs:
  • In descending channel
  • Breakout from rising wedge
  • Weak pullback to the wedge


Not a strong short term play, would classify this as risky if you want to play the short term upside. Less risky playing the middle/long term downside.

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