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OBSERVATION:
a)previous to the piercing candle the stock was in a down trend
b) the day of piercing witnessed huge volumes
c) the price opened lower(gap down), and went further down, then the bulls came in and bought the price back.(price closed 50% above the body of the previous bearish candle)TRADE: we can go long when the price breaks the top of the piercing candle @1175, with a stop loss of 1125, being the open price of the piercing candle.
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