XJO 0.74% 8,285.2 s&p/asx 200

WBCThe strong gap down suggests the advance from the June 2013...

  1. 178 Posts.
    WBC

    The strong gap down suggests the advance from the June 2013 lows is complete.

    I am initially looking for a small 5 wave decline off the high, staying under $33.70 is a good clue and suggests more downside.

    I really dont want to see a strong reversal back above $33.70, with the SPI gaping up we probably see a bit of upside on this stock but if the overall market gets sold into, on Monday, then i suspect we can continue lower.


 
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