The stock price is going up to previous resistance while also hitting the top of the fib retracement, however, since it did go over the 50 day sma line i think it could also go up to the 200 day sma line. However, I still am bearish on the market since headlines for the market will most likely cause it to fall as well as companies filing for bankruptcy and the decrease in volume. I think that we will actually hit new lows when we do go down a second time.
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