Looking at the chart from a distance, my view is that 720-10 could be revisited. But please do remember that 730 approx is a double bottom too previously and that Mr Market is a ‘Class A’ bluff master and sometimes we call the bluff, sometimes we have to eat our views. Thats how it is.
Of course, I could be wrong, as I have been, many times. Mr. Market
Here is the chart, self explanatory (click here or on the image to enlarge)
Previously had a view which didn’t work out all the way though. Here it is.
Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.