The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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Woody

To: Doug R who wrote (54131)	1/8/2019 11:30:20 AM
From: Doug R	2 Recommendations Read Replies (2) of 79444

APPS with MDTL and a target line. There's a bevel so this target line is an IL. Keep in mind that there are no guarantees that the existence of a target line or IL means the line will be reached. They are only used for knowing when to sell IF they are reached or surpassed. Since APPS has already had the breakout, retest then a volume move up from retest, there should be no more retesting of the MDTL and any pullbacks from here will be modest as the climb back to the relevant previous all-time high continues. (The volume supported move off retest came as 2 consecutive days with a combined volume over 2 mil.) But, as always, stops are recommended.

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