The share may be printing an 'inside bar' - which has in the past signaled a reversal of trend. Most recently the share is down from it's 27 March peak of 2757c to Friday's low of 1805c. The MACD is printing a higher low (bullish divergence) while the RSI is making a slight turn up. The share also trades close to the oversold zone with a reading of 33. I'd like to see a positive close today, with the majority of tomorrow's trading action being in the upper end of today's bar. This will signal some form of stabilization and potential follow-through from the 'inside bar' candle structure.
Hi let me know what you think ....they had some bad publicity...and potentially face a fine for hiking prices of masks ...but at this price they look very cheap ..they function even during the lock down they where never closed completely. i just cannot see them not recover. Not like a airline.
Mashithembe
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Hi lester what do you think here ..my take is the negative press had a influence . Not sure what is driving it this low