I like this chart. It has formed a symemetrical triangle, is in a long term uptrend and appears to have short term support @ $2.19.
One would think the odds favour a strong move upwards.
I have a short term target of $2.60 based om the similar chart pattern Dec - Jan 2002 and the recent high.
Criticism more than welcome.
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- short term target of $2.60 ... here's why !
MTT
metcash trading limited
short term target of $2.60 ... here's why !
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