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Adidas’ parabolic chart looks amazing, so is the end of its rocket trip? If it pulls back strongly with lower highs, it could be a chance for good shorting trades. Take not of the fibo levels as a guide.

It just reported earnings:

Stockland Corporation Ltd (ASX:SGP)

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Stockland has had a huge run up for the past 6 months, & now its consolidating above its long term resistance. I’m inclined to short it if it reverses below the trendline strongly. But if stays above with strength, it would signal further upside potential, so trade accordingly.