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my post on Tuesday suggesting long MOT at approx. $9.5, the stock dropped 4% since then.
from the daily chart MOT has formed 4 dark candle in a row and in a down trend. the MACD HISTOGROM is still in green area though, which indicate a healthly retrieve following the last rally breaking 21days moving average.
tomorrow IF ge is doing good to the market, MOT is due to a rebound. if the 21days ma was broken again, the resistance might be at 50days ma $10.43
JM2c |
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