Time to exit the counter
IN the previous swing the market is making its grid from a lower zone on the weekly charts. This is an early indication that the rally post that should not be trusted. The stock has doubled from that zone, and look where it has halted. It is the Fib confluence along with trendline resistance on the monthly charts. Huge volumes are telling us emotional buying. All we require is a divergence on the weekly charts. But to me this is the zone to watch.
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