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Alas the promising spike in the XAO was short-lived and prices retraced back to the lower boundary of the channel shown a couple of weeks ago (chart here). However, price hasn’t made a lower weekly low so we live in hope. The weekly candle is a Harami suggesting prices could go lower next week. The market remains undecided with no significant weekly move for 5 weeks.

During the week I bought MSB and closed out a trade on EOS.

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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