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Message: Narrowing wedge...

I think iconoclast really hit it out of the park with his thoughts early Monday morning after the news but before the market opened....the 100 day moving average he cited has been acting as pretty firm resistance, we've poked above it but not for long.  And the 50 dma is being tested today as support...

The 50 is sitting at $1.25 and is pretty much flat lined.  The 100 is at $1.37 and is falling....I'm looking at those two lines, the 50 and 100 dmas, as forming something of a wedge with RVX' PPS stuck between the two.  Assuming we don't get any PPS movement outside of the two moving averages they're on a collision course....

To me that signals a breakout, either up or down.....hopefully we get some news that snaps us out of this tightening range.

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Feb 10, 2020 12:16PM
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Feb 10, 2020 12:23PM
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Feb 10, 2020 01:37PM
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Feb 10, 2020 01:55PM
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