Chart thread, page-860

Similar setup at that support level back in Feb, gave a 1 day fake move up(although I think from memory that was one buy order in the closing auction rather than actually trading up during the day) before dumping through support. These things often have a fake little move up to try and suck in some more buyers to dump into which is just another reason why I rarely bother trying to buy lows like this(even when I like a name).

Could argue the double bottom is still in play(and it really is) but ideally that would have dropped through 11c to undercut the previous low and shake out all the people who bought the first low and then rip higher the next day to leave them all behind.

At the end of the day, there's more than 2000 other stocks on the ASX, much easier to buy something already going up