With 5 down days in a row, closing close to the low most of those days & we are now again below the 20ma & 50 ma - all obviously bearish indicators.
But according to pivot point theory a bullish week trades between S1(56) and R2(70.5) - we could remain in that range this week, it is a little oversold according to my RSI5, indicating it is about time for a bounce or trend reversal.
But if we continue down, a bearish week normally closes above S2(52.7) - so if it doesn't head higher tomorrow it should very soon.
AJX Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
