50-Day Support at RiskToday was the second test of support at the 50-Day line since the breakout in June. The first test last Wednesday ended with a bullish hammer candlestick pattern, which triggered to the upside the next day. Subsequently, the advance reversed sharply to the downside once reaching resistance at the 200-Day MA. That was also a successful test of resistance at the lower rising trend channel. In other words, that was the first pullback following the decisive decline below the lower channel ...

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