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From : International Equity Index Daily Hotline: 2 July 2015
Chart of the day: Support at 100-day MA holds for CCMP

 

Uptrend support at the 100-day Moving Average has survived for the US NASDAQ Composite index.  However, given the sharpness of the fall from the June, and all-time, high at 5164.36, there is a risk that that support will be retested.  A more forceful up move is needed to remove that danger.  The stoploss on the long is at 4875.

 






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