NZX 50 INDEX
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NZX 50 price bouncing back between 50 and 200 EMA.

Similarish Market recovery shown in May - July 2009. Price bouncing back and fourth between 50 and 200 EMA before crossing above 200 EMA.
As country finally recovering soon moving back to level 2 alert high hopes.
Going long at breakout above would be good.

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Chart PatternsMoving Averagesnzx50recovery

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