SXX daily 03/07/13
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I've left the triangle I've been tracking on this chart but now it's broken out it looks a lot more like a cup and handle formation.
Note how the main downtrend resistance is still capping the price and we still have the 28.75p to 30p area to get through too but this is looking set up for a breakout soon IMHO. We won't know that until it's closed above the downtrend so I'd like to now see a close above 28p and it should be good to go then.
Note how the main downtrend resistance is still capping the price and we still have the 28.75p to 30p area to get through too but this is looking set up for a breakout soon IMHO. We won't know that until it's closed above the downtrend so I'd like to now see a close above 28p and it should be good to go then.
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