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Thanks Orwell. This months HY report will make interesting...

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CaptainGrumpy

4,594 Posts.

177

01/02/17

17:57

Post #: 22296746
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Originally posted by Orwell ↑

Healthscope, HSO

TA wise, both Monthly chart and Weekly chart are currently pointing down. I couldn't enter a stock looking like that.

You'll have presumably seen the long-term line of support in the low $2's. That needs to prove it can hold first, then some sign of an uptrend form such as a Higher Low at least on the weekly chart before entry.

I'd prefer to wait and pay a higher price for more certainty than entering now.

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Thanks Orwell. This months HY report will make interesting reading. If EBITDA even remotely outperforms guidance, we can expect a big rally, assuming global markets don't roll over of course.

XMD Value at posting: 5,777.1
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