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- Last Update: 23 October 2021, 9:45
My system is based on that of Tom O%27Brien of TFNN.com using price and volume correlation to establish the stability of trends and Fibonacci ABC patterns in particular to establish target prices, or in some cases, high volume swing highs as upside targets.
Vol off top, bearish
A strong company so potentially one of the better bounce potentials out of the current market drop, assuming further downside for the markets. Breakout from the steep trendline continues...
Just a check on the market here for me as I scroll down my list. High volume off the 350.37 swing high is a very bearish sign; repeated daily price drops with high volume and price bumps up with relatively lower volume make it even more likely that this is a significant bearish signal.
in monthly ABCup with strong PVC
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