area of strong support 34-36c, page-52

Well, appears we are back into the strong support area 34-36c...but the revisit to support has had nothing to do with a the change in the fundamentals of the stock itself imo ,rather, the greater markets losing ground. What is important is that when the market looked like turning upwards ...around the time of the last mini rally to 44c..) EER was fairly fast out of the blocks in terms of a rise...

I expect it will take some major event to break us down through support in the 34-36c region. Not just a few moderate down days on world markets the fall would need to be severe ie several days of 3-4% falls or a big day fall of greater than 5%-10% or larger.

So I think we will again bounce off this area... and I think Buyers will continue to front up for a the cheap in in the support area...


All is IMHO DYOR to Confirm...