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1.09%

1,381.0 s&p/asx 200 2 x daily leverage index

Looks alright heading into the Full year results Announcement....

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melenova

632 Posts.

22/08/18

12:05

Post #: 35091131
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Originally posted by melenova ↑

Another update on NTC @Jako8557

Attracted a fair bit of EOFY selling in June, and has since drifted down to test the lows but found a fair bit of absorbing support (18th-24th July). It has since drifted up, putting in a bit of volume yesterday at resistance.

Would have loved to see this put in a shakeout of those major lows, and possibly it is still too early to be involved, but this is the first sign of strength in a while, and with the background strength it has the potential to move. Hopefully the price action will confirm in the coming days/weeks.

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Looks alright heading into the Full year results Announcement. Doesn't seem like it will need much of an excuse to get a mark up.

XLD Value at posting: 1,195.0
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