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TPL daily 02/07/13

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This finally hit my target of 42p today although the Fib sequence had to be moved after the false breakout. In fact, this made today's support stronger as it was the breakout and the re-defined 61.8% Fib so it should be worth a long from here with a tight stop below 40p.

I do have concerns over this though. The RSI has broken down and the overall pattern up from 24p area could be seen as a big correction upward.

In any event, it's always wise to take some risk off at first 
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