BBTrader29

CODX Snapback

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NASDAQ:CODX   Co-Diagnostics, Inc.
CODX is overexended to the downside piercing completely beneath the lower bollinger band. It is also oversold on stochastics showing less than 10. It's on its 5-6 consecutive red day. It got bought up this morning after being down -7% and went green on day briefly. I suspect buying power will come into play and push this back to average true range. There is slight resistance on the hourly around 10 range. Target is 10-11.
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