FMG Technical Analysis, page-9954

yet another bearish close
a -24c drop away in the last hour to close at daily lows of 21.14

closed as a higher red candle with -36c red body 2c neck 0c tail
meaning the higher open got smashed all day and ended at daily lows lower than the intra day low of 21.26 even so the close was terrible.

its at the monthly lows and a whopping 260c lower than that fake high close on 26 July
Looks like if the prior years trends of 450c or 360c sharp drops follow here might see 19.00-20.00 soon during BEAR SEASON.

SHORTS looking to crack the 20.00 it looks
Got to 19.00 on 25 May but the lows haven't followed like last few years as this year many rebounds out back to highs unlike last 3 years.

regardless, a 260c drop already portends to another drop,
a break below 21 will signal a run at 19-20 imho,
How low will she go?
My call remains 16-19 before 31 October.

SHORTS in charge, BUYER BEWARE. Wait for the flush out.

The only thing NUTS is when you ignore TA and abuse an objective analysis as you are emotionally attached to a stock & full of greed and money hunger.
A fool and his money are soon departing company.

Trading Rule 1
BUY LOW sell high
Dont buy at highs or midrange especially in a down trend, its nowhere near the lows as yet