The last 2 trading days (4 & 5 May) a very high volume transacted and the price plunged to its day's Low of USD43.76 before closing at USD46.22 last Friday.
Such massive volume was seen back in last March (8 & 9 March) when the price broke the final S-Trader Trend Tracker Support level. Both occasions, the volume recorded is quite close.
Here is the weekly chart.
Latest S-Trader Trend Tracker support and resistance levels based on weekly chart.
Resistance = USD 54.62
Support = USD 44.81
Will the weekly Trend Tracker Support level able to hold the price from further slide ?
Source :
1) Metastock
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