I spent all morning drawing lines and looking at the cotangent values of the last 30 days of trading and compared that directly against the 200 ema and daily divergence of the 50 SMA. When multiplying these together by means of transparent overlay and looking at thearea of sector of the infringing common crossover points I came to a conclusion of where
support lies.
Unfortunately algebraic limitations when utilised in quantum calculations means it was constrained to an accuracy of only the nearest cent.
I've submitted my findings for peer review.
More seriously though.
It will be interesting to see if Jarden lower this 'support' as the SP falls or if it holds and awaits news.
I anticipate it to reduce but who knows.
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1 | 12381 | 1.520 |
3 | 9872 | 1.510 |
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9 | 14363 | 1.500 |
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