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Online Share Trading

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sponono
Super Contributor
..Could not help myself just had to buy some
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4 REPLIES 4
Russ
Super Contributor
I don't like it Sponono. Personally if it bounces up anywhere near 3100 tomorrow (even 3080) I would get out. If it was possible to short it on this platform I would.It has broken down from its uptrend as well as a head and shoulders (admittedly not a very clean one). Weekly and monthly indicators also don't look too good to me, but it's your call.
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sponono
Super Contributor
point taken. I have moved my stop loss to my entry price
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leoridge
Contributor
Hold a few, not too concerned, dropped a bit since divi. seeing more a flag/pennant ,hopefully bullish.
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Russ
Super Contributor
The high yesterday of 3160 was a test of the prior support line of the uptrend which is now resistance.It is oversold on the daily chart so there might be more bounces and tests of that resistance. I just think the medium term outlook doesn't look good (which isn't highly relevant for short term traders).
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