My recommendation to buy the FTSE 250 was triggered when the mid-cap index dipped to 11920 in November, says Warren Firth at www.globalprimepartners.com.au.
It has now taken out a key obstacle at 11919, which opens the way for a move to a minimum target of 13372. Once this isolated objective has been met, a further advance to 14256-14376 can be ultimately expected. Buy or maintain existing long positions.