good sign, page-11

  1. 7,678 Posts.
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    Z, when the Telstra deal was announced and sp was over 3c, my call was a retrace to 2.2. If it broke that it needed to hold 1.9.

    SP hit 2.2 and hung around that level for a while before testing 1.9. That level was held and we are now at 2.6.

    However with 30dma still trending down, I believe there will be a retest of 2.2 before any substantial move north.

    Good Luck.
 
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