Bouncing from here !
This looks like a good spot for this to bounce , most likely should break this pennant after 1 rejection at 53 .
On the weekly the MACD is looking sweet and all 3 Moving averages are offering support at present on the 4hr with the daily having 50 &99 as support.
33.85 would be an ideal SL since its a tad below the uptrend line.
Apparently after their demerger they have increased their profit margins by 25-30% ,also should be back on track after the fire in April.
Lets see how this opens maybe 35 is where i put my bid,worth having a bag.
On the weekly the MACD is looking sweet and all 3 Moving averages are offering support at present on the 4hr with the daily having 50 &99 as support.
33.85 would be an ideal SL since its a tad below the uptrend line.
Apparently after their demerger they have increased their profit margins by 25-30% ,also should be back on track after the fire in April.
Lets see how this opens maybe 35 is where i put my bid,worth having a bag.
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