Although this could easily be a pullback, the moving average crossover suggest's that the channel may just be ready to breakout upward just as easily. The next few trading days will prove interesting; a lot of stocks seem to be teeter-tottering between a downward and an upward turn (fingers crossed). Rather than being range bound, we are news bound.
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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.