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3,135.0 s&p/asx small ordinaries

The Brains Trust - 2016, page-9522

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CaptainGrumpy

4,596 Posts.

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24/07/16

21:06

Post #: 18350930
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Originally posted by paddington bear ↑

@captain Grumpy - the birth of a grandchild and unfortunately for me - interstate. Just quickly on SAU. Looks to have formed a decent sort of base pattern with the upper support in the 32 to 34 range. Broke very positively through that upper boundary on the recent rise and is now correcting. Some of the stocks with this sort of pattern are coming back to do a bit of work around these previous upper boundaries so I suspect that is all SAU has done. This is where I like to sit to pick these stocks up in recent times. Now SAU have already done that. Are they going to come back and do a bit more work there. Hard question because some of them are just touching these support areas and then getting on with the job while others like to hang around for a bit. I think I would wait around the lower support area and see if you can pick it up on a bit of weakness. This plan mostly works but then some stocks like AQI cut short the consolidation and you miss out. Hard one but I think it would watch for a bit more weakness.

Sorry to be so "iffy"but further out I can see it higher.

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Many thanks @paddington bear and all the very best wishes for the new grand child!
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