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runyamhere

Growth-Point False Breakdown Makes Long Attractive

Long
GROWTHPOINT PROP LTD (JSE:GRT)  
runyamhere Updated   
JSE:GRT   GROWTHPOINT PROP LTD
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Growth-Point had a false breakdown out of the rising wedge. It is now expected to backtest the trendline forming a triangle with the lower support line. This backtest is worthy of long position with expectation that price will trend towards the upper resistance of the rising wedge.
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