FOUR has had a phenomenal run with its up-channel from IPO and whilst the recent breakout above has come back fairly quick, I'm encouraged by seeing it attempt to form support out of its previous resistance band at 82-83. I've drawn in some extended lines of the channel that may act as some guide if this continues on such a path.
Long with FOUR but would set a stop if this fell too far below either the 'speculative' channel line or broke the next support zone of 70-71.
Long with FOUR but would set a stop if this fell too far below either the 'speculative' channel line or broke the next support zone of 70-71.
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Fell through but is now trying to regain support level.
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Did well.
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