Have a look at JHX for the last 6 months. Bottomed At exactly $7 four times. On the second of those a bid for over 1m came in to support the price. Fundamentals indicated weakness. New low today of $6.35.
What I'm trying to say is, IMO, fundamentals usually overcome technicals.
What is CMR worth funndamentally ATM?
shmivwacked, page-9
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