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Notice the following on the weekly chart:
-- All the SMAs are moving lower
-- The shorter SMAs are below the longer SMAs
-- Prices are below the 20 and 50 day SMA, but have risen above the 10 day SMA and are currently using the 10 day SMA as technical support
-- The RSI is rising
-- The MACD is turning around
-- The OBV is terrible
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Notice the following on the daily chart
-- Prices and the SMA are bundled together in a tight range, indicating indecision
-- The 10 day SMA is rising through the other SMAs
-- The MACD is increasing
-- The RSI is increasing
-- The OBV is neutral
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Notice the triple top break-out failed miserably. That is not a good sign for the future. In addition, look at the lack of volume in the second half of the chart relative to the first half of the chart. There is just not a lot of excitement.
