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Last September, TNG didn't drop to 13c; the break above 17 was only good for a quickie as price was rejected at the 22c resistance. And it's been downhill since, way below 13c.[ATTACH]61679[/ATTACH]on December 30th, I did buy the breakout at 8c. but took a quick profit a week later when the (yellow) 1-year EMA appeared to be resistance. The rounded bottom that Porper alludes to looks meanwhile more like a cup & handle, even though it's at the bottom.Thursday's gap-up caught me off-guard, one reason being that I'm currently winding down ahead of a planned holiday break till after Easter. Otherwise, I would place a buy order at the breakout level 11.5c.
Last September, TNG didn't drop to 13c; the break above 17 was only good for a quickie as price was rejected at the 22c resistance. And it's been downhill since, way below 13c.
[ATTACH]61679[/ATTACH]
on December 30th, I did buy the breakout at 8c. but took a quick profit a week later when the (yellow) 1-year EMA appeared to be resistance. The rounded bottom that Porper alludes to looks meanwhile more like a cup & handle, even though it's at the bottom.
Thursday's gap-up caught me off-guard, one reason being that I'm currently winding down ahead of a planned holiday break till after Easter. Otherwise, I would place a buy order at the breakout level 11.5c.
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