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WBC $28.46

beware the rising wedge

  1. Rondog

    662 Posts.

    Westpac's chart pattern looks to be forming a rising wedge. This pattern can be seen in the charts of all the banks over the past 5 months. The pattern is a precursor to a fall.

    Also, the RSI is weakening and the Stochastic is in over bought territory.

    This info is not meant to be a sell trigger for any holders of WBC. Just a comment from a dude who sees a fall coming.

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