Technical Charts, page-2

I am looking at AHG and think at this share price it represents good value. Assuming operations hold and can improve in future years on the $75m profit as forecast for fy18. Market sentiment however is not positive as profits have deteriorated over the last years. So regardless of fundamentals or what I think, the market may just push lower. I am looking for an entry point but interested about how you determined technical 'support at $2.45'?. It has not been at that level since 2012. It hit $2.92 a little over a year ago and that has now been well crashed through. Any insights appreciated.