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  • Jay

When resistance turns into support...


and then turns into resistance again...

Here's the Daily chart:

Check out the Weekly chart... although the week is not over yet... The Fibonacci retracement from 2016 low to 2017 high confirms the support to resistance at $83.50 (38.2 retracement). Even if $ALK is able to break that level, it will still remain in a downtrend channel. The 200MA pointing higher remains a good argument for the bulls. Let's see what $ALK will do today...

#ALK

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