XMD 1.17% 10,423 s&p/asx midcap 50

That's interesting Eklavya. You don't often see sell...

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    That's interesting Eklavya. You don't often see sell recommendations.

    Typical Wave 2 retrace from current high would give a target of $8.73, so close to Deutsche opinion. There's not obvious other support around this level so could go a bit lower maybe.

    I've been watching it for confirmation of a turn down, however not confirmed yet and would be quite speculative to enter a short here. There might also be an end of June effect where people hold off selling until start of new tax year.
 
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