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CNX 200 EMA Bounce and Wedge Pop
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CNX Resources Corporation
(
NYSE:CNX
)
SWRLS
Premium
NYSE:CNX
CNX Resources Corporation
Trend Lines
Wedge
Moving Averages
Coal
wedgebreakout
0
0
trendline
wedgepattern
movingaverage
coal
wedgebreakout
CNX bounced off the 200 EMA on the daily and has broken out of a downward wedge. A move over $21.00, and a reclaim of the 50 EMA should send this back up to test the highs. Looks even better on the weekly chart imo. Target $23.50
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