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6,900 Posts.
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17/02/11
14:51
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Hi Aceshigh,
a retrace was certainly expected at some stage.
So looks like its on the cards to close lower today.
I am pretty happy that it is still trading within the range of yesterdays candle and hasnt fallen to the low of 3.9 or below
ZRL has ahd 500million shares traded over the last two days and 800mil over the last week with great upside.
110million today isnt 1/4 of the value of the last 2 days trading, so i am still comfortable that at this stage it needs to take a breather.
I still have a stop loss in place, which has moved up accordingly over the last week.
Aces, i dont try to intraday trade, its not what im good at, however where i do well is not selling too early just because there is a retrace.
I'll be backing that this will bounce again and bounce very hard...
Whilst the trend is in tact i shall remain...
Good luck
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