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Peet_Serfontein

ACL: symmetrical triangle pattern?

Long
ARCELORMITTAL SA LIMITED (JSE:ACL)  
Peet_Serfontein  
JSE:ACL   ARCELORMITTAL SA LIMITED
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
A price action above 118 supports a bullish trend direction.
Further bullish confirmation for a break above 129.
The first target price is set at 141 (its 61.8% Fibonacci retracement level).
The second target price is set at 168 (its 100% retracement level).
A break up out of the symmetrical triangle pattern might support such upside potential.
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