It's nearly identical. Interestingly, the first on the left has a large sell spike. The one of the far right a large buy spike. 3 pops then a dip repeat throughout. The trend lines may not be exact, but you can see the 200 bumping the trend line on the right like the previous identical pattern.
After each 3 top pop, there is a cascading effect that sends the stock over the 100 and 200ema. The large buy spike is over 4million. This one could go either way. If I were to guess, it will roll over and break the 200 and trend line, setting up similar pattern for a possible short.
After each 3 top pop, there is a cascading effect that sends the stock over the 100 and 200ema. The large buy spike is over 4million. This one could go either way. If I were to guess, it will roll over and break the 200 and trend line, setting up similar pattern for a possible short.
Note
How's that for a prediction? Will probably move sideways or slightly down for a few days.
Note
Definitely needs to hold this position or go up a bit.
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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.