share price, page-106

Positives and negatives.

Positive divergence on the daily chart. Stochastic bottomed on June 3, but price didn't until June 6 and again yesterday.... and now the stochastic is higher while price remains lower.

True, 582 and Virginiak, the Bollinger is still heading south, but that can happen for some time even though price makes a U-turn up.

[In March, the price and bollinger were both at this level. Price then headed all the way to $49.85, while the bollinger kept going lower and lower right right until the price peaked]

Weekly stochastic is at a level from which the May 2010 bounced occured, and apart from that, hasn't been this low since the GFC lows of 2008-9.

Those are positives.

A shorter-term negative is that price today was unable to break above the 50% fib of the last leg up, August 2010 low to April 2011 high.

But there is little interest today, with volume way, way down so far.