Pure TA call. Keep in mind too EOF tax time too which could make it worse.
Ill be surprised if it holds above the moving averages its got there now, it might, but i wouldnt hold my breath. Can see some support at 1.7 there on left and the 200 MA moving up to that point too so I would be expecting it to test that (and them both....)
You would really want it to hold there because if it doesnt its not got a lot of support below that for a fair while.....
I personally wouldnt touch it with a 10 foot pole above 1.7 but thats just my opinion as the risk reward isnt there for me. That resistance above is just so strong currently obviously plenty of supply on offer. Not great reward for that potential risk in the time frame for me.
Just an opinion.
DHR Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
