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15/11/18
17:30
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Originally posted by AverageJoe
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Have a look at see how long it stayed around 65C before it decide to rally back up. It fell in sympathy with the commodity prices generally speaking. This time around the commodity prices have not had a continual fall yet so this could be a bull trap. I prefer to make up my mind through a chart trend much more than what any management has to say. The market is always right regardless on the longer term charts. I hope it works for you but judging where XJO is presently, ie top of the market quartile on the chart, it has much more to fall than a reverse rally to break the high this year.
I am just being cautious when we get 2 volatile reaction from year beginning and end within 1 calendar year. Something is brewing and I am just being cautious. Good luck.
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As usual the retails holders are last to be inform and coping it ,I have been watching the share price movement and had a feeling this was going to happen , it's a Leaky Ship , imo ..