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From : International Equity Index Daily Hotline: 22 October 2014
Chart of the day: Strong counter move up by Norway

 

Norway's OSE index has recorded a 3.4% gain for Tuesday's session, as it extends its recovery from a deeply oversold position (see recent low level of the RSI).  A further rally towards this year's earlier top area would appear to be on the cards, and so we follow the P&F Breakout signal at 564 for this potential.  The stop is placed at 525 for now.

 

 






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