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$PACB Bullish Bounce off White Support Line

In my previous updates I discussed this white support line as a support level for PACB’s historic lows. There has been a bullish bounce forming here. However, I would prefer to buy under the support line below $5. I think there will be a buy opportunity there at some point, but for now PACB has formed a pretty perfect bounce off the support target with small wicks below. Buyers are interested here, but I think there will be an even better buying opportunity.

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