Hey Nasabear,
How you doin??
I see things a little differently here.
I see that ROB has been making lower highs and not higher lows, hence leading towards a downward spiral and not upward.
Have a look on the daily chart it is quite clear.
also moving averages have crosse to the negative, this needs to be monitored for further weakness or a change in pattern.
MACD and momentum have also turned negative and need to reverse before calling this.
An uptrend here, i dont believe to be in play.
Supprt at 1.5 may be tested again.
the reason i post, i have it on my watch list, already been in and out.
And for mine is too risky an entry JUST AT THE MOMENT.
Cheers
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