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AsimMirzaTrader

YAL - Ready to take off?

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YANCOAL AUSTRALIA LIMITED (ASX:YAL)  
AsimMirzaTrader  
ASX:YAL   YANCOAL AUSTRALIA LIMITED
Trend Analysis Chart Patterns Wave Analysis ASX asxlong asx200 asx200long macdcross
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trendanalysis chartpattern waveanalysis asx asxlong asx200 asx200long macdcross
YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows:

TP1 - $2.45 (potential gain 7%)
TP2 - $2.55 (potential gain 11.5%)
Stoploss - $2.15

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Penafian

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