$CAKE Conversely, if the price increases from the current level and exceeds 104, this will signal that buyers are trying to make a comeback. The index could rise to the 20-day EMA (105), likely attracting sellers. If buyers do not give up much ground to sellers, the outlook for surpassing the 20-day EMA will increase. Then, the index could rise to the 50-day SMA (107).
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