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Online Share Trading

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Reverse H and S

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sponono
Super Contributor
Looks like it has come back to re-test the break-out point. The bearish momentum and falling 200 SMA dont look so good though.
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3 REPLIES 3
saash
Super Contributor
I don't see a reverse HS on AGL? However, if you look at the 3-yr chart there is a failing HS pattern to be scared of? The share broke positive out of a flag pattern which it is currently testing, but if the test fails, we should be weary (or trade) a huge short. I'm currently long.
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Rams
Super Contributor
?daily chart start about 20 July?...though not symmetrical? retest of 238
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kwagga
Super Contributor
Trading at a PE of 4.2 The last time I saw that type of PE was Old Mutual when it traded at R5 after the financial crash.
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