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Today we look at DE on the 5 minute chart. We see that after a large gap up it starts heading back down toward a key moving average, the 50 period sma (simple moving average). It is also an old area of resistance which should now act as support. We see that it forms a nice hammer at the moving average before retreating below. After tapping the support from the previous day, we get a relatively fast bounce that goes vertical. This is just one example of a trade that can wipe out many losers.