Interesting take-off with Bendigo Bank these last few days. After breaking through the downward trend line, as shown on the lower chart, it’s just shot up and is now at its all-time high of $11, where it was back in March last year.
I wonder if that will kill it, especially after such a sudden rise, or it will push on through. Perhaps it will oscillate in an upward-sloping triangle between the $11 resistance and the main trend line.
I’ll be watching to see
GP
[I don’t hold]
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