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JamesRennie

Moving average resistance

JamesRennie  
NYSE:PLT   None
Candlestick Analysis Moving Averages PLT
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candlestick movingaverage plt
If you look where I have drawn the box for the last two days PLT has see rejection at the 21 daily MA that is not a good sign for PLT. It is possible that the lower trend line still acts as support and price only remains bearish for a short time.
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