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AusGroup (on request) – looks like end of the run…

Received 2 urgent emails asking if can buy AusGroup but looking at today’s chart, it is one black eye. Usually when everyone is thinking of buying, it means that the “Big Boys” has successfully tell a nice story for retailers to enter into the stock for them to distribute. Ended up, retailers believed in the story and will convert from trading the counter into long term investors.

AusGroup today hit a strong classical resistance and came down from it. Unless it can break the resistance and close above it, the resistance is still in play.


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