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Day four: potential SYD trade

With the ASX 200 widely expected to open higher today, we should see a rise for SYD. 

On the hourly chart stochastics should push above 20, and while this still may provide a false signal, there have been a number of times this month when a break above 20 on this oscillator has led to a strong run in the share price.

I feel a small long position potentially seems like a good momentum-based trade, although would only pay up to $4.33. My stop loss would be below the April low of $4.09 and would take profits at $4.55.

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