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FSL Trust: Rising from the depths.

Monday, September 27, 2010

It has been a while since I looked at FSL Trust. Today, it rose decisively.  Price action formed a wickless white candle, opening at 43.5c and closing at 45c. However, lacking in volume, one wonders if it would go on rising.


The rising 20dMA recently formed a golden cross with the 100dMA and this marks a strong support at 42c. Trading above the gap which was closed at 43.5c now brings the next resistance at 46c to play.  I see an eventual target as defined by the descending 200dMA, currently at 51c.

Related post:
FSL Trust: Where to from here?
FSL Trust: The skies are clearing up.

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