11 June 2016

GEZ7 : Upside Triangle Breakout

  • Closed the week at 98.99. Fresh upside break.
  • Breakout point = 98.92.
  • Triangle points = 98.61 and 99.16 ie objective 55 tics.
  • Upside objective = 99.47. That's massive.
  • Daily chart (not shown) at upper end of rectangular consolidation so this may not perform immediately. Unless we get unexpectedly bad news to drive a strong leg up. Must be patient.
  • 75% loaded up on long ED risk.

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