As I said before, this rebound will hit a red downtrend line upward. I bumped into it yesterday, then turned my head in the shape of a bow. It shows that the selling pressure above is still very high.
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Investing 101 : Yes this is the resistance trend line. But do know that the 200ma has sloped up and now supporting the price. Comparing to previous time the 200ma was very far off. That's why it was able to gap down.
Fat Cat Ceo : this is hard.can be both ways.i think i remain sideline better. wait till there is clear indications n gd news for momentum .
Investing 101 : It has closed above resistance trend line. Now we have to retest it back as support. If it holds, we will have broken downwards trend.