Looking at the daily chart here we can see that we have had 3 bars down followed by a nice price rejection candle today.I always look for movements of 3 and 7 in the market.And after yesterdays close it gave me an indication where we would be headed today.Going back to the daily,we can draw a lower trendline from the lows all the way back from june 07,it gives us a support precisly at todays lows.With todays bottoming tail it also gives a good sign that $8 will be good short term support.I would now look towards the gap fill at yesterdays close($8.46) from memory.We may see a retest of the $8 support after the gap is filled then another rally back from there.I believe with the dividend coming up and todays plunge it may not come back to retest the $8.But time will tell.Upside target is $10.
its a buy for me.
gunn
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$19.92 |
Change
-0.050(0.25%) |
Mkt cap ! $8.735B |
Open | High | Low | Value | Volume |
$19.95 | $19.97 | $19.54 | $35.10M | 1.768M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 210 | $19.91 |
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Price($) | Vol. | No. |
---|---|---|
$19.93 | 3356 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 210 | 19.910 |
1 | 209 | 19.890 |
1 | 208 | 19.870 |
1 | 446 | 19.860 |
1 | 207 | 19.850 |
Price($) | Vol. | No. |
---|---|---|
19.930 | 3356 | 2 |
19.950 | 29932 | 4 |
19.960 | 6755 | 2 |
19.970 | 1214 | 2 |
19.980 | 28114 | 4 |
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