Everready Industries
-- formed a bottom around 14.50-16.50 zone
-- longer term basis didnt went below 2008 lows of 11+
-- have retraced 23.8% of last fall from 82 odd to 14.50+
-- falling trendline resistance now placed at 40+ which co incides with 38.2% level of fall from 82 to 14.50
--
dips should be used over next 12-18 months to accumulate for bigger move towards 100+ over next 24 months
-- formed a bottom around 14.50-16.50 zone
-- longer term basis didnt went below 2008 lows of 11+
-- have retraced 23.8% of last fall from 82 odd to 14.50+
-- falling trendline resistance now placed at 40+ which co incides with 38.2% level of fall from 82 to 14.50
--
dips should be used over next 12-18 months to accumulate for bigger move towards 100+ over next 24 months
No comments:
Post a Comment