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April 22nd, 2014 at 4:48 pm
I don't want to post all my charts, but a lot of the Momos are currently escaping the downtrend channels of that little correction we had – PCLN, NFLX, TSLA.
Some bounced off their 200 DMA and they now they might face some overhead resistance at their 50 DMA. Might be dead cat bounce but I would be careful shorting any of these names at the moment.