Posted this chart back on March 9th. Bear flagging right into previous support now after completing a head & shoulders. Weekly 200 sma acted as resistance back at the beginning of 2016 but turned to resistance at the end of 2019. Price tested the 20 & 50 weekly smas multiple times but couldn't get through & buyers eventually gave up. As long as price remains below $123, I think we see $70. Good low risk entry here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.