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AndrewBakerf6
Feb 10, 2023 5:02 AM

YAL Short Short

YANCOAL AUSTRALIA LIMITEDASX

Description

Several technical indicators showing weakness in Yancoal including being 1-2 standard deviations above trend in a log regression channel, a head and shoulders pattern on the weekly chart, bearish divergence both on the RSI and stochastic oscillators as well as more fundamental data including AUD strength off the back of high and persistent Australian domestic inflation.
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