Exited yesterday @ 15 cps on the re-test of uptrend support line turned resistance. Chart has fired some serious sell signals here, and the breakdown below the EMA50 today is yet another. DMI says sellers are now in control of the trend and that momentum is downwards. Wouldn't be surprised to see consolidation here for an extended period of time.
Safe to say the uptrend is over now. Market does not like this dilution at all. Ignore the charts and market sentiment if you want, but don't complain about the SP going the wrong way in the short-term if so.
Ciao all, good luck.
BRL Chart, page-5
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