On-line recruitment business SEK is illustrating perfectly the current manner in which a number of ASX stocks are failing both at new highs only then to experience a shallower pullback than would usually be expected:
- SEK has twice broken out to fresh all-time highs in May & July only to fail.
- However the pullbacks have only been ~$4.50 as opposed to the $6 that history tells us would be more likely.
MM is neutral SEK
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