IAM chart discussion only, page-610

Yep 8c is first support line and has held up very strongly, the next support level which it bounced off yesterday is 7.8c with the lowest base support base at 7.5c which was a previous support level.

Given a massive deal is coming and smoke signals from other factors coming in there's no likely chance of a drop, if there was however it will still remain in the Channels I noted that have remained strong for over a year of trading in IAM/SRT. With the furthest it would fall is 7.5c where it would be in the Oversold territory of the Trading Channels. This would only occur if the deal expected in December is pushed to February which has been stated is a possibility, but no reason for it to not happen now.

Up to the board of who ever the deal is being done with; might be NAB, CBA, AMP, MLC, Westpac there are only about 6 planners bigger than Sentry from memory.

That's the danger in a stock like this going solely on technicals. I'm not up over 750% on my first entry because I relied just on the technicals for IAM.