Hi,
Looks to me like we are bouncing off a trend line starting from June 2018.
You would think this will hold considering it also corresponds with historical past resistance/support from 5 years ago and December 2018 (blue line).
MACD has never been lower and it looks like it has just crossed.
5 YEAR
6 MONTH
I'm expecting a near term bounce to at least close the gap at 3.20 with possible overshoot to 3.35.
After that the resistance at 3.2ish looks pretty strong (blue line) and it would take a lot to keep heading higher at least in the short/medium term.
I jumped in at 2.80 ex div to collect the divi and credits so effective entry is 2.72. Safe at these levels IMO. The strong director buying also doesn't hurt.
Chart
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$4.66 |
Change
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Mkt cap ! $3.939B | |||
| Open | High | Low | Value | Volume |
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| 3 | 7296 | $4.65 |
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| $4.68 | 18896 | 3 |
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