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Why did this stock break down so badly?
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I set resistance around the first blue dot due to the 10 am high before the first drop, so when I saw it was nearing that resistance, I bought around the yellow arrow. I figured it would break the resistance, test the 9EMA and go higher. Any indication why it was rejected at the VWAP and then broke down so badly instead? I'm still kind of new, my first guess is always lack of volume but let me know, thank you
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