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TPL 07 May 2013 13:17 #1

  • Jackozy
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This share has gained some recent popularity amongst AIM-centric PIs of late but it's got some nice patterns going on. Here's my take on this. Note again the powerful 123-low breakout which Elliott's followers will know as a wave 3:


I'm looking for the 50-61.8% retrace area for a possible long here. Or, again, wait for another 123-low from the bottom of the retrace.

On the other hand, if that wave count is wrong (it could actually be in the wave 4 now) then it's a long on a close above the downtrend which sits at 56.7p today.

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