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RINO in weak downtrend

RINO is still in a weak downtrend, signaling deeper downturn move on Monday opening. The only positive sign is very weak volume so far. Maybe short sellers are opening their positions and there is not too many of them. Will RINO survive this and continue on its uptrend? Who knows. It is attacking its support on 50 DMA right now.

If you are considering buying, wait until RINO shows its direction, if you hold, be ready to sell if it fails. A potential stop loss is at $23.70

This is my opinion only and I hold shares of this stock ready selling the entire position if it fails at or below the stop loss.





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