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(Z18) Going Nowhere *RES 3: 152.43 -......>

JGB TECHS
JGB TECHS: (Z18) Going Nowhere
*RES 3: 152.43 - High Sep 28 2016
*RES 2: 152.20 - 61.8% 154.00-149.28
*RES 1: 152.04 - High Nov 9 2016
*PRICE: 151.63 @ 16:11 GMT, Dec 7
*SUP 1: 150.47/33 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
Prices retreated for a second day after touching 151.82, but it's certainly too
soon to call an end to the current strong run for bulls. It may now be prudent
to watch the 200- and 50-dmas for the formation of a golden cross to signal the
next buying opportunity. At writing, the 50-dma lies just 1 tick shy of the
200-dma. Other technical indicators continue to point higher, with the
longer-term targets holding in the mid-152s. Key support next kicks in at the
200- and 100-dmas at 150.69 and 150.52.

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