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The 4 data points you need for a key reversal:
Established down trend
New all time low
Record volume
Close at high of day
Yesterday we got 3 of the 4. The stock did not close at the high of the day but was close enough (and far enough off the lows of the day) that we can say the stock has made a major low and the risk is out of it for now
Were could it rally to? First stop -down trend at $25.00 / $31.00 area.
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