I think it was triggered by SP crossing below 200 sma.
This is pretty commonly used indicator of a long term downtrend.
Great to see market take a breather, I’m not convinced it’s a rebound but atleast it has slowed sell off for now.
Plenty of volume, 14 mil last time I checked. Still plenty of selling but atleast someone is buying here.
I think the thing to watch here is 200 sma, it’s being tested and if it drops below again might be abit more pain to go unfortunately.
News at end of Month should help
Fundamentally company is solid, economics at the moment is fear driven and need to convince market there is a way through
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I think it was triggered by SP crossing below 200 sma. This is...
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