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Friday, December 08, 2006

BAR - Barra Resources (ASX)

BAR has traded back down onto support and recently broken through its descending trend line alerting Chart Chat that a change in trend is probable. We would prefer BAR to retrace a bit further before breaking our entry trigger of $0.28 for a target of $0.53, however, this stock character is for a rapid move and may not retrace.