At the moment on a short/medium downtrend. On the bottom channel...

At the moment on a short/medium downtrend. On the bottom channel of a 2 x Standard deviation linear channel. So either we will see a runaway downwards movement towards 50 and below or some consolidation and a move back towards the top of the channel. There is also some support mid 50's.
At the end of the day the reasons for all the buy reccommendations earlier this year have not changed significantly. So i am topping up at these levels.
DYOR