trad3r9

$IMD finding support at the 10-week moving average

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ASX:IMD   IMDEX LIMITED
This is the first touch of the 10-week moving average since coming out of a loose Cup & Handle pattern back in early August. Institutions generally come in to buy on the first and second touch of the 10WMA after a base breakout, so volume on the bounce will be the key in the coming days.

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