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The Long Investor - $ADUR
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I'm very happy to see the bounce from $ADUR over the last couple of days after the price tested the green support line at $9.50 where we are now seeing a triple bottom form here, so we do want to see this bounce continue.
$ADUR is in the Buy Zone here, and the next target is the 50 Day MA at $12.34... if the price can break above that level, then we want to see the 200 Day MA flipped to support at $13.
This is important to understand here.... a move to the green resistance line just below $18, which we’ve seen tested twice already, represents an 83% gain from the green support line... so even a move to that level offers substantial upside here.
In the longer term, our Wave 3 target remains at the 1.618 Fib at $24.
I'm very happy to see the bounce from $ADUR over the last couple of days after the price tested the green support line at $9.50 where we are now seeing a triple bottom form here, so we do want to see this bounce continue.
$ADUR is in the Buy Zone here, and the next target is the 50 Day MA at $12.34... if the price can break above that level, then we want to see the 200 Day MA flipped to support at $13.
This is important to understand here.... a move to the green resistance line just below $18, which we’ve seen tested twice already, represents an 83% gain from the green support line... so even a move to that level offers substantial upside here.
In the longer term, our Wave 3 target remains at the 1.618 Fib at $24.
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