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AntMwah
Nov 19, 2016 9:05 AM

HUR - Long Long

Description

Current wave has comprehensively consolidated following Fib retrace to around 61%. Pennant style set-up with 50DMA providing resistance at the top. The MACD has just crossed upwards, RSI on the edge of breakline and volume looks strong. The momentum could be here for at least a breakout of the current pattern with an upward target around 56p.
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