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3,195 Posts.
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15/09/11
19:45
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NWE daily chart guys n gals.
Things that stood out.
1. Positive Divergence on the MACD.ie. MACD had made a higher low while the SP made a lower low. Hopefully a sign of some underlying strength.
2. Barring some leakage in March, its possible a large falling wedge is forming (reversal pattern if it is, and a big one if it is)
3. Double bottom at 3.3c. If that breaks i reckon that gap at 3c will get filled for sure.
4. Recent resistance at 4c. Needs to bust that convincingly.
5. Overhead gap at 4.5c
Good luck all
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