TECHnically, you should be carefulBig break yesterday on the medium-term support line and although the share price finds itself in somewhat OVERSOLD according to the 14-day RSI, I would be staying clear for now over the shorter-term. The next support level is the 200-day Moving Average (EMA) at R11.57, with a break and close below this level bringing back the R11.20 level as support. If I was a short-term trader (which I’m not), last mentioned will also act as my stop-loss level as a break below this level most probably bringing back early 10’s. Should this turn out to be a false break, could see the share price test R12.80.
