Where to from here?, page-117

well, here is some charting/TA for those interested...

To be honest, this looks like a potential to average down for those in the red, could be a opportunity for a short term bottom... history proves when RSI and MACD data hit current level it was followed buy a incline of 40%+..




Decline Within Longer Term Uptrend
SRN appears to be in a bearish medium term trend within a longer-term uptrend. Although the 200-day moving average is rising, the MACD is bearish. IMO looks like it may bottom out soon..

Strong Bearish Momentum
Momentum for SRN is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold. This means that investors have been actively selling shares and driving the price lower. Oversold can also mean opportunity for bottom price.. tempting I must admit

Low Volume
Today's volume is on track to be lighter than usual, with 11M shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders.

Bollinger Bands Signal Volatility Squeeze
Volatility, measured using the width of the Bollinger Bands , is extremely low, resulting in a condition called the Bollinger Band Squeeze. Bollinger Band Squeezes tend to precede major price breakouts, although they do not predict which direction the new trend will take. Trend and momentum indicators can be useful during Squeeze conditions to help discern the direction of future trends.

Hmmmm, could be worth a punt at current levels due to TA indicators... is this a short term Bottom??, would seem so.. Fundamentals need to be taken into consideration, how's the money in the bank moving forward?... could be a good punt at present after looking at the over sold indicators, interesting...