John,Thought i'd refresh this.
I've been searching to find the reason for the fall...2037 mid now. I know nothing about this one so would probably not buy but looking at the basic indicators it's screaming out at me to have a punt.
Any change in direction would be very tempting.
Am still confident of this company producing the goods. However I do not see a buying opportunity yet. At the time of writing this the price is down to 1995. My next support line is at 1538. Be patient, we will once again make money out of this one.
If 1600 looks tempting, how about 1300, for thats where it is at the time of this post. The big question now is how low can it get before a reversal.
I agree that TA means little in these difficult times, but for the patient ones, profits will abound in time. Yes this poses another question, how much time. Well, your guess is as good as anybody elses, but I think we have to wait for the markets worldwide to stabalise and then hopefully see that long awaited upturn.
Lucky coin needed indeed for this one at present IMO.
Irrespective of any chart indicators I would now, due to general market nervousness, feel inclined to short it on any meaningful move north, ie but for the spread, which is often the killer to trading this one. I'd have to be pretty convinced of at least a 300pt move.
Long term, now looks a tempting time to accumulate stock though.