The market has tested the 50% retracement of the June-October rally which means that any day now we could finally see a rebound. If that were to occur, I am expecting a sharp V-shaped recovery to at least over 5250. Time to start thinking about what to buy, not what to sell.
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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