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NetApp Forming Technical Wedge Pattern, Poised to Move 30%

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NetApp (NASDAQ: NTAP) has been forming a technical wedge patten on the daily chart for several months. The pattern could provide traders with a 20-30% profit depending on the directional break.

The key support and resistance levels to watch are the lines highlighted in gold. A break of either support or resistance with volume confirmation should lead the share price to the target ranges that are highlighted in gray.

Posted-In: Long Ideas News Short Ideas Technicals Trading Ideas

 

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