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Correction is the best time to buy

Nov 8, 2019

The market closes in the red zone for the second week in a row. But not everything is lost, because if we look at the weekly capitalization chart, we will see t the indicator showing only a slight correction after a strong rally up. We spoke about the last analysis of the capitalization chart.

The news background is neutral and it’s too early to talk about a U-turn. The MACD histogram indicates a return value above the 0 mark, which signals the sellers’ weakness.

Market capitalization may drop to the $210-215 bln region and, in turn, will test the support line, as well as MA50. Both factors can give an excellent impetus to continue the uptrend.

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