Have to be careful with the charts at the moment which are the same as driving through a rear vision mirror. We have factors with the election count , a Brexit hangover , public holiday in the States to consider which is and could continue to deliver poor sentiment the fact is more than ever we don't know. Anyone with the foglamps on should be considering if the support levels are now justified with the new agreement with Telelink .
My chart is showing a first pivot point of support at 7.4 and another pivot point of resistance at 9.3 , this range is a reasonable accumulation area that could be exploited . I would assume we will witness another wall at 10.5 again if there is a price gain , this was placed there for a reason.
I don't usually go too short term except in times like now and despite the drift back the 20-50 day Macd Oscillator is still in the buy zone.
Be careful we are living in interesting times
Have to be careful with the charts at the moment which are the...
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