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RAVE’s current underlying bullish trend is clear. The moving averages are arranged in a bullish alignment, and the primary breakout-up structure remains intact. The short-term pullback is merely a continuation within the uptrend; follow-through is strong, and downside resistance is strong as well. No clear top signals have been observed. In terms of trading, go with the trend—rely on moving-average support to set up positions on dips, and capture the opportunity for trend upward movement.
Trading suggestion: Go long around 5.2-5.4, with the initial target first looking at 7.1-7.6
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