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This report is intended for TRUMarkets Pty Ltd. subscribers only. TRUMarkets Pty Ltd., its authorised representatives and agents believe that the information contained in this report is accurate and that any estimates, opinions or suggestions in this report are reasonably held at the time of compilation, but may change without notice. No guarantee or warranty is given, or representation made, as to accuracy or its completeness. Neither TRUMarkets Pty Ltd, its employees, directors or associates guarantee the performance of a security or financial product that is suggested in the this report. To the full extent permitted by law, TRUMarkets Pty Ltd. accepts no liability or responsibility for any direct or indirect loss or damage which may be suffered by any subscriber or any recipient through the incomplete transmission of this report or SMS/email trade messages or delay in their receipt or through relying on something in or omitted from this report. Examples presented are for educational purposes only. From time to time, TRUMarkets Pty Ltd may amend this disclaimer and notice without giving you any prior notice. You acknowledge that you have read our financial services guide which can be downloaded here.

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This report is distributed to paid-up subscribers and approved trial members of TRUMarkets Pty Ltd, and is intended to be for your private use only. Any companies, organisations or individuals operating under an AFSL (Australian Financial Services Licence) agree that they will only receive this report after applying for written permission from a Director of TRUMarkets Pty Ltd. It is not to be redistributed or reproduced without the express permission of TRUMarkets Pty Ltd. The copyright remains with TRUMarkets Pty. Ltd. Unauthorised reproduction includes redistribution by any means including via email, fax or photocopy. Any unauthorised form of reproduction, redistribution, dissemination, broadcasting, selling publishing or circulation is strictly prohibited and may result in legal action. TRUMaarkets may log the IP address of the computer used for accessing the website and may use cookies to track distribution.

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General Securities Warning

Past performance is generally not a reliable indicator of future performance and historical results are no guarantee of future returns. This report is based on both technical and fundamental analysis, both of which are subjective and this should be considered before acting on the advice. The suggestions prepared in this report are of a general nature and does not take into account the investment objectives, financial situation and particular needs of any particular person. The suggestions included are for information purposes only and is not intended as an offer or solicitation with respect to the sale or purchase of any security or financial product. Before making a trading decision based on any suggestion presented, the subscriber must consider whether the suggestion is appropriate in light of his or her financial circumstances or seek further advice on its appropriateness. Please check with your Stockbroker or Financial Advisor as to the appropriateness of suggestions pertaining to your particular needs.

Disclosure of interests and internal policies

TRUMarkets Pty Ltd and/or its associates may hold securities or other interests in the companies suggested in this publication, which may change from time to time. However, as a company policy no staff or their associates are allowed to trade a suggestion immediately prior or after the general release or communication to subscribers.

TRUMarkets Pty Ltd ABN: 53 138 723 412 is the publisher of the report  AFSL AR 340798.