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Wednesday, November 16, 2005

Capitaland Review

The stock has not yet succeeded in rising above the key resistance at 3.44. Accordingly, from the perspective of trend traders taking a procyclical stance it seems sensible for now in relation to new positioning on the long side to wait for the 3.44 mark to be exceeded. At above 3,44, consideration could be given to taking a long position. Should the stock not soon succeed in rising above the 3.44 mark, a downward directed resignation move has to be feared next.

1 comment:

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