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Burlington Stores, Inc.
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Burlington store bottoming

Oleh frapelloso
BLR appears to have created a bottom after a long downward channel. Sellers seem to have run out of ammo after a distribution phase and a downtrend that lasted more than 100 days. This bottom formation also coincides with a very important support level on HTF. A possible target is the 190 $ gap area, this would take the price almost at the top of the multi-year channel as well.
Chart PatternsTrend Analysis
frapelloso
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