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18/05/11
23:27
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Hi Bizzo
have not followed EIO's FA for a while
the only thing I know is consolidation coming with the ratio still to be determined
I have gone back to read a few previous threads
1 to 5 was mentioned, which means 4c
well that looks unlikely now
wonder how much are they thinking now.
anyway, candle pierced through lower bollinger band today
last time it pierced through on Apr 29 & was followed by 3 day bounce back to EMA50.
EMA50 currently 3.5c, downtrend resistance 3.1c
very tight stop loss
going to take early profit on half position
leave the other half to see how she pans out as I like the odds at this level
in the meantime, x fingers the US markets stop crashing for a couple of days :)
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