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Channel Broken, But Uptrend Intact 4/7/21

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

There’s a slight break in the beautiful uptrend channel on the hourly chart, but as long as they’re above 4055, the uptrend will remain intact. The 5 day cycle projection is only 4056. The down phase projects to stay flat at this point. Cycle low due today.

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I’m not too concerned about the negative divergence via the indicators. Only if they drop into negative territory might it mean something.

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