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Tuesday, December 12, 2006

BKW - Brickworks Limited (ASX)

BKW has broken its descending trendline which represented a correction back onto long term ascending trendline in an overall bullish trend. Having consolidated BKW looks set to swing high on a break of $12.26 for an initial target zone around $13.35 with a longer term new high of $15.28 - $16.50.