Allgreen: Trading with a Tight Range

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Allgreen has been trading within a tight range from $1.00 to $1.20 for the past 5 months. No big price movement is expected until the breakout. Also take note that 200D MA, a long term trend, is trending down. $1.14 is the important level to watch as this level is the 50D and 200D MA support.  If Allgreen stays below the 3 Moving Averages, the chart pattern is bearish.

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