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$68.33 altium limited

Flag pattern, page-2

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In2win

974 Posts.

11

03/09/16

02:00

Post #: 18903441
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Originally posted by Rondog ↑

In the words of Foghorn Leghorn: "I say, I say, I say boy, that's a mighty fine looking flag pattern you got there!"

Aww, give me a break. Charting is such a dry topic. I'm just trying to lighten it up while I weigh down my pockets with some profits.

Other charts worthy of investigation are: ECX (hasn't broken resistance yet), BOQ and NAB - both doing the downtrend reversal breakout (NAB is about 2 weeks ahead of BOQ with its breakout).

Be wary of AMC, RFG and IRE. All good looking charts, but all going ex div over the course of the next 10 days or so. Therefore the chart price action is showing the dividend chasers currently seeking stock.....who knows how many will still be willing to hold after each stock goes Ex-div.

Personally, I will be watching for the Ex-div-price-dip and then keeping these stocks on the watch list to see if they hold up well.

DYOR

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Thanks for the tip Rondog

The one's you mentioned I will look at placing a short on if possible.
Also holders of ALU - be careful of buying on a spike in price as it may pull
back to where the moving average is.

Just saying GLTA

ALU Price at posting: $9.63 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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