Around 25.58, there is a strong support that has been tested several times. At 34.00, what was a support in the beginning of 2011 is now a resistance. Moreover, a complex reverse head and shoulders is in formation. (Two left shoulders and the head are highlighted).
In short, it looks like a good buy around the price level of the past shoulders (27.50) and a...
The support zone and resistance zone is clearly define. This is looking like a good trade opportunity. Still I would be careful for any downward breakout of the support and would put a stop loss around 11.25 just in case.
