The share price has gone down below the 499 EMA.
Next support level $2.20.?
Interesting, I noticed Hoops target price (on the TA thread) was 2.19 (pretty close) I wish i had followed that thread more carefully(or even noticed it )before my $600 education..Cest la vie.
I trade the share as currently the dividend is not adequate rate of return for this shares risk profile IMHO. In addition, what is a return with capital loss, time waits for no one.
Exactly my thoughts too as I posted few days back, div yield may be good but it counts for nothing when your capital investment depreciates further than yield.
Interesting, I noticed Hoops target price (on the TA thread) was 2.19 (pretty close) I wish i had followed that thread more carefully(or even noticed it )before my $600 education..Cest la vie.
No one wins them all mate, and TA does not work every time. Its all about winning one more fortune than you lose, just as in life.
From a long term cyclical perspective the next support is somewhere between 100 and 150 (depending on how much AIR is cycling upwards) - see yesterdays chart
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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