A closing above the 50 days EMA and horizontal ascending triangle resistance line would have been a bullish signal that boost confidence to breakout above the black downtrend line and head for the next resistance at 70 cents. However. this was not to be as price closed below the 50 days EMA resistance line and the horizontal ascending triangle resistance line forming a shooting star candlestick bar. Immediate support is 20 days EMA followed by 53.5 cents and 50.5 cents.
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