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Online Share Trading

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LEW

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Russ
Super Contributor
Could break up or down but I favour an upward break quite soon.
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9 REPLIES 9
sponono
Super Contributor
an upward break is 20% away (from 75 to 90), right?
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Rams
Super Contributor
is this about LEW or ANG?
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Russ
Super Contributor
Lew,Rams. Spo,I'm looking at a symm triangle which has formed this year.The triangle has to break up or down very soon.I favour up because the share is just starting to move up off oversold levels.
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Russ
Super Contributor
Lew,Rams. Spo,I'm looking at a symm triangle which has formed this year.The triangle has to break up or down very soon.I favour up because the share (RSI and STO) is just starting to move up off oversold levels.
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Russ
Super Contributor
The bottom side of the triangle also forms part of the support line which started on 5 Oct 2011, which gives it some strength.
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sponono
Super Contributor
good point. still holding onto CLS and SAB?
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Russ
Super Contributor
Still got cls but not sab.My worst trade of the year was selling spg at 1146 on 18 January!
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Rams
Super Contributor
the triangle so formed is a ABC corection of the prev uptrend, so if the correction is complete, the move is always up...but is the correction complete? looking at recent volumes and chart pattern more likely to go down
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Russ
Super Contributor
Big battle going on now,right on support.
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