and the trend continues

Hi All,

Please find below a chart for week commencing 16 November.

A few Key Issues here:

a. Smoother Long Term Averages:

The trend still remains up albeit a small compression in the averages.

b. Trendline

I have attached a trend line to give some indication as to where support is likely to rest. We have 2 key support areas at CURRENT levels with 2 different support techniques that are totally independant of each other. You will see that the trend lines likely support more or less coincides with the smoother EMA's so the probability that here lays support is quite high.

Still bullish.

Babylon

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