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Friday, January 17, 2014
ASX 200 Weekly Update
On the weekly chart here we have a close just on the support but the three indicators are quite bearish. As long as the weekly MACD is crossed down the overall trend is bearish.
Here on the daily chart we have the same setup as what we had in mid November last year. A break below the 15 MA support and then a rally to test the 15 MA resistance. We need to watch the stochastic to see if it turns back down in the week ahead.
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