SP is vulnerable from here. One minor setback on ongoing trial plans and we may see it hammered further. Near term weak support around $1.03-$1.07 but in current environment and with lack of appetite for this company it may give away soon. Next, support comes around 96-98c historically it was strong but that was in much better market while all indexes were strongly bullish, not sure how much it holds at @97c level in current scenario.
The meaningful support is around 80-85c which we may call a bottom bottom, so would not surprise if SP falls below 97c in coming weeks.
Interested in knowing contrary views as I want to make up my mind on whether to keep holding a lot or completely get out of this.
DYOR. GLTAH
Where's the bottom?
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$20.17 |
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