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The first chart is the daily chart with the Ichimoku indicator overlay.
The recent corrective move saw price to $50.50 level, which importantly is the Kijun–Sen support level, the middle price of the past 26 periods. This is the second level of support after the price moved into the future cloud. Importantly, the Chikou Span remains above the price of 26 periods ago and this is a bullish factor. The future cloud Senkou Span A is currently rising, which also portrays a bullish technical set-up.
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