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SXX cup and handle breakout

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13 years 2 months ago #2431 by ftse80
Replied by ftse80 on topic SXX cup and handle breakout
Remo/ Jackozy
Once this one breaks out where would you place ur stops, would that be under low of breaking candle?
Thx

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13 years 2 months ago #2424 by Jackozy
Replied by Jackozy on topic SXX cup and handle breakout
Yep, I've also been watching and waiting for what seems an eternity for a close above 25.25p on this share. It's probably my favourite AIM share because it's technically pretty good if a bit slow.

37p is also a nice target from the depth of the cup (ascending triangle) and the all time high.

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13 years 2 months ago - 13 years 2 months ago #2423 by remo
This one looks like a cup and handle breakout may be forming. This has to finish the day above 25.25 .
Its currently testing the resistance level for the top of the cup.If it does breakout then this could go as high as the highs at 37. SO good risk to reward on this
this is a penny share so usual warnings.
DYOR



dl.dropbox.com/u/4899609/sxx13thdec.png
Last edit: 13 years 2 months ago by remo.
The following user(s) said Thank You: nicola77, annes goal, Geela, Jackozy

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