In a post a couple of days ago I did suggest that when OS buying stopped that we would settle back a bit. I am looking at a 1 month chart (daily candles) and the rising support(bottom) line would suggest that $2.50 - $2.60 is the support sp. That is where we are now. This is the sp I had in mind when posting about settle back. I was looking at the same chart. If it goes down through the support, well who knows. Anything below $2.50 could be a good top-up. I am not looking to top-up atm but I would wait to see if that support holds.
I am long on this so I am not concerned atm.
Cheers
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.