Rager 1965, in ans to why I belelieve hdr will drop below 170, I dont know if it will and only the market will decide that not me . on a chart the last low lower than now is just below 170 in may .I was looking at that as support and a possible turning point for a reversal in the current downward movement in the share price.only in my opinion if it was to fail to hold there the next support would be around 150.
Knowing what we all know I would be looking to buy with any weakness in price based on comparisons to other oilers .Most of my trades are purely from charts so i dont always look at fundamentals .But the trend is down not up
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