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Potential trade idea: buy Sydney Airport

SYD rallied to a high of $4.34 and it looks as though some indecision can be seen on the daily chart.

As I stated yesterday, I would wait for a slight pullback from overbought conditions to initiate long positions on SYD; although the risk is that the price doesn’t actually pull back to my proposed limit.

Sydney Airport (SYD)
Sydney Airport (SYD)

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