Since hitting 2000.00 the share price has retraced 41% and since have consolidated around the 2800 area. The average estimates from brokers are still at a hold - buy rating. The RSI
is showing a bullish
failure swing with the indicator making lows and the price making a higher low.
On the weekly chart price action has been bearish
with a shooting star
candle (last week). However, the daily chart
contradicts this with a hammer
candle rejection of the 2754 lows.
S1 Upward trendline
starting from June 6 low.