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RiverNorth Managed's SMA200 Turns Upward on 15-Minute Chart
ByAinvest
Friday, Dec 15, 2023 4:07 pm ET1min read
RiverNorth Managed's 15-minute chart has recently triggered a significant technical indicator, as the short-term Simple Moving Average (SMA) has turned upward, crossing above the 20-day SMA. This development is widely regarded as a bullish signal, indicating a shift in market sentiment towards an upward trend. As the price begins to move higher in the long term, it suggests that buyers are gaining control and driving the market in a positive direction.
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