Price has made its way down from the monthly highs near 11300 and is a trading just above the lows we saw in mid-April.
Given the strong downtrend that this share finds itself in, we have no reason to look for longs as yet - only a close above 11300 would interest this trader in a counter-trend buy.
I'd like to see a close below 8860 - this would open the way up for a retest of the early March dip down to 7000.
Given the strong downtrend that this share finds itself in, we have no reason to look for longs as yet - only a close above 11300 would interest this trader in a counter-trend buy.
I'd like to see a close below 8860 - this would open the way up for a retest of the early March dip down to 7000.