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Ashtead PLC sees bullish break in post referendum world of weak

LSE:AHT   ASHTEAD GROUP PLC ORD 10P
  • Ashtead Group PLC             – Poised for Bullish break from flag pattern on weekly chart. This goes well with the fact that it derives a majority of its revenue (84%) from North America.
  • Nice rebound from rising trend line followed by bullish break from flag pattern could yield re-test of 2015 high of 1231.
  • Caution – Volumes have dropped
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