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Charts and Metastock: |
ESMC made a push above a medium term descending trendline on the semi-log chart:
On today's session ESMC was up 33% with volume above average. It made that pattern that I like so much (just like EGHT did - doesn't mean anything), in which the stock breaks an important support and then comes back above it with high volume. It seems the weak hands were totally shaken out and the sky is now clear for the stock to advance.
Take a look at the short term chart:
I don't know if it comes out of my speculative nature but when I see a big white candle like this with enormous volume I buy first and think later.
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