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Sunday, November 23, 2014

Charts $baba

Bounced off the weekly 5 sma as stated, with the most solid of justification 'just because'!

The daily looks interesting. Despite the run, its now deeply oversold. Assuming negative bias creeps into the picture, oversold can get worse with a new sentiment entering the mix.

Assuming the positive bias remains intact, the last four days is the place to be.

110.73 looks tempting, but I like to split hairs. The intra day suggests now is a nice buy, but hair splitting says low110 - to - high 109.

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