I would put strong support at the GFC weekly and monthly close low of $1.77. I'm not saying it will get this low but just answering the initial question of where it would have 'Strong' support.
An alternative low support level I've been postulating is once its dividend yield becomes comparable with the BHP/RIO dividend yields then you might see some support.
The RSI would be showing it as incredibly oversold as it is in an incredibly strong down trend. Its a brave person who attempts to catch the falling knife.
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$17.34 |
Change
0.520(3.09%) |
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Open | High | Low | Value | Volume |
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4 | 4250 | 17.300 |
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Price($) | Vol. | No. |
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17.380 | 1000 | 1 |
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