Pretty selective breakout is it not? Heap of old highs to get over yet.
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FXL is looking good, put in a strong day today. All time highs.
JB Hi-Fi might be set for a run too, I was too hesitant to put any orders in however.
Last one for the night! SGM as an FYI, another basing pattern to keep an eye on maybe
Technically you recommend looking KAR near break resistance that could take up to $ 11
You may need to elaborate Helenr, a chart as a minimum to display your assumption.
My apologies Joe,my post was a tongue in cheek response to another poster,didn't occur to me that some may take me seriously,no intention to ramp.AlFolks, this thread is being used for ramping and it needs to stop.
Please note that a chart is mandatory, as is some analysis that identifies the resistance level that you believe the stock is about to break through.
Posts that do not include both of these will be removed.
My apologies Joe,my post was a tongue in cheek response to another poster,didn't occur to me that some may take me seriously,no intention to ramp.Al
SSM looks like it could be getting ready to break 45c. the chart is a weekly chart which shows since the low point in late 2011 the stock has formed a basing pattern with higher lows
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The federal government’s NBN Co is poised to take control of the national broadband network’s physical construction in the Northern Territory from the under-performing lead contractor as pressure mounts to speed up the lagging rollout.
The move to replace contractor Syntheo will be the first time NBN Co has directed construction of any part of the $37.4 billion project.
Delays in the rollout mean NBN Co will take over a significant part of a $341 million contract held by Syntheo to install the network in the Northern Territory and South Australia.
Until now, NBN Co has preferred to keep management of the construction at arm’s length by using lead contractors. Senior industry sources said NBN Co was well-advanced with plans to take up the contractor’s role in the Northern Territory within weeks. It will sign on subcontractors to install fibre optic cabling to around 26,000 homes and businesses over the next 12 months.
Syntheo, a joint venture of Service Stream and Lend Lease, will continue to connect homes in Western Australia and South Australia.
SKE potential break from pennant in my P&F chart assuming market sentiment picks up again. My favourite simple chart setup.
https://www.aussiestockforums.com/forums/showthread.php?t=16501&p=762953#post762953
Cheers
Country Lad
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