(Updates) Citic Envirotech-Backtest or False breakout?
Today citic envirotech retraced to $0.76 on low vol. It backtested the previous downtrend line and previous resistance turned support at $0.76.
This blog believed that the low vol retracement should be more likely a backtest rather than a possible false breakout.
However, if prices close below $0.76, it is likely to be a false breakout.
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Please dydd.
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