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Quick update on FAX. I was getting a bit bearish on this fund earlier in the month as it wasn't bouncing back the way so many other closed end funds were. But it looks like it may have bottomed out. MACD is slowly climbing higher and RSI, while still a tad negative, looks to be slowly moving higher. The 21 day moving average has flattened out too. I am of the opinion it will continue to appreciate, but it could be a relatively long climb back up the ladder.
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FAX is heavily influenced by the Australian Dollar, which got hammered over the past couple of months or so. It too appears to have found a bottom and may be slowing turning back up.
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