I guess you are after a medium or longer term view, so I have looked at the weekly chart
Back in Late February price attempted to move above ~6.50 and after two weeks of trying to continue higher, demand appeared to dry up considerably, and selling pressure increased. And the demand dried up, and selling pressure increased a week or so before the parent Index (XJO) also ran out of puff, so it was a leader in that respect.
Price then came back to ~6.10 where it initially found some reasonable support, enough the move it sideways anyway, and this level has been tested several times since, and the support appears to remain strong.
Then in mid July, price again moved up towards ~6.50, and the demand to push through just was not there again, and eventually just (what appear's to be) normal day to day supply, pushed price lower. I don't know why this is.....perhaps valuations appear stretched above 6.50, or if there is a big block of sell orders sitting up there.....or what.
Anyway, the sell off after that (last week) was pretty strong, so what happens this week will be important for the chart (when it completes on Friday). This can't be analysed until after this weeks bar is filled.
So in a nutshell, demand seems lacking, and supply comes in, at roughly 6.50 and above,
and support comes in at roughly 6.10 and below that to 5.96
(a clear and decisive break down through 5.96 would leave price vulnerable to a fall back to the next lower weekly line at 5.62)
I also note that as the Parent Index (XJO) has come off and has broken down recently, price on this chart has remained subdued no doubt, but has held up quite well overall. Which is a show of relative strength in itself.
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