MULTICHOICE GROUP LTD
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MCG: further downside potential?

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A price action below 8300 supports a bearish trend direction.
Further bearish confirmation for a break below 8200.
The target price is set at 7700.
The stop-loss price is set at 8900.
The downsloping linear regression channel pattern remains a concern for a strong bearish trend.
The target price is also at the 0% Fibonacci retracement level.

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