On Watch for Friday, November 17

17 Kas 2017

Wasn't able to close above the 50 day EMA on yesterday's spike but the bulls managed to do it today. Seen this pattern ahead of big moves many times. Possible test of the 200 day EMA in the next few days. Targeting $4.64 tomorrow with resistance on the way around $4.28. Tight stop could be set below the 50 EMA around $3.66 or $3.10 for the looser stop.
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