Technicals | Sep 24 2019
By Michael Gable
In this week's report we look at accounting software firm Class Limited ((CL1)).
The range of CL1's decline during 2019 started to narrow (diagonal lines) and it finally jumped higher several days ago on good volume. This reversal (circled) is a strong sign that CL1 is going rally higher from here. Resistance will initially come in at $1.80 with $2.30 being the first major target level.
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Michael is RG146 Accredited and holds the following formal qualifications:
• Bachelor of Engineering, Hons. (University of Sydney)
• Bachelor of Commerce (University of Sydney)
• Diploma of Mortgage Lending (Finsia)
• Diploma of Financial Services [Financial Planning] (Finsia)
• Completion of ASX Accredited Derivatives Adviser Levels 1 & 2
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