technicals

The below chart does not include today's action. However, if you imagine a low of 11, a high of 12.5 and a close of 11.5 you may get the picture.

12 was pivotal and first resistance has been broken. You can see iimmediately that 11 is the next key point. Today was even more interesting given the volume of over 17 mill - very odd. A smilar drop happened on the 05/04, slightly bounced to 12/12.5 then began closing at 11.

Given that the fall from 15,5 has been gradual and on low volume, I suggest we may see 11c in the coming 3 or 4 trading days and she looks like a fair buy at that those levels. If she does not respect 11c, you'll be going under 10 which is very doubtful.

Assuming there is no news, 10.5/11 is a buy.