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Originally Posted by JeremyALD
Chart looks OK to me Percy. What was your main concern?
Really? Breakdown of an almost two year rising trend line, failure at the 200DMA, a year of repeated failures at around $5.60 resistance. The trusty weekly chart said sell, Percy seems to have spotted it rather well! $5.00 is support also the 400DMA.
Indicators are oversold, so might see a wee rally back to the descending trend line from Jan'17, which is still below the long term rising trend.
Attachment 8814
Last edited by Baa_Baa; 25-04-2017 at 08:19 PM.
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