Looking at a simple Daily chart here shows a nice triangle forming from the ATH last year.
An argument could be made that the support is at 48.5 but I'm more comfortable placing it at 51.
Note: The Annual Report is due this week which will inevitably bring more volume either way. But i can't see it dropping below 48.5 due to the fundamentals.
(I'm currently holding from a lower level but might top up this afternoon in the low 50's)
An argument could be made that the support is at 48.5 but I'm more comfortable placing it at 51.
Note: The Annual Report is due this week which will inevitably bring more volume either way. But i can't see it dropping below 48.5 due to the fundamentals.
(I'm currently holding from a lower level but might top up this afternoon in the low 50's)