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High street goes higher

The General Retail sector is due for a significant leg of gains if it can break a long-standing barrier
August 22, 2012

After three years of going sideways, the FTSE 350 General Retail sector could be finally about to break higher in the next few weeks, says Ragu Dharmaratnam of Baselica.

Since 2004, the blue line at 1900 has acted both as support and resistance. So a weekly close above there would likely open up a move to 2200 and then to 2800.