yeah it gapped down in March and will have a lot of resistance at 27-28...
My only concern is that this thing is running on information that the Barclays deal fell over - large insto AMP dumped them and no new major substantial holding increase. This tells me it is purely technical trading and could be a good range from 21-27 until hopefully some good fundamental news flow comes in ......
So do you take your profits out at 27 like most of the techncial guys will do and re-enter at 30 or 21 or let it ride ....
The problem is that the Reed family have not been real good over the past 5 years and I guess the saving grace this time is tonkin ....
Should be interesting over next few days .....
yeah it gapped down in March and will have a lot of resistance...
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