asxstocktrader
Yes, unfortunately we may have seen a 'false breakout' which is usually on low volume and not sustainable. Depth in the buy queue is not convincing. SP may head back to 2.7 if no big buyer volume steps up and short term profit takers start appearing. It is currently still within the consolidation trading channel so will be interesting to watch what happens.
cheers
Ange
positioned for a big breakout, page-36
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