Accumulations are meant to shake out retail. The bearishness from joe sixpack this week supports this theory. We just broke down through the range but the buyback has been very promising. If this can continue to gain momentum back into the trading range then this could be considered a Spring within the accumulation schematic.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.