Preston,on the positive side it is oversold on daily and weekly charts. It is also on good support which has been tested many times. On negative side I see a large descending triangle with a smaller one inside it.Descending triangles usually break to the downside.If it happens to break up out of the smaller triangle (resistance today at about 279)it could have a nice rally up to about R300. I think it's risky to go in now. I gave a more detailed opinion earlier but lost it when I lost internet connection! If you want me to clarify let me know.Only my humble opinion as always!
No problem.It is still bouncing between support and resistance of that smaller triangle.It closed at resistance today. It's really getting squeezed now so it will surely break up or down in the next day or two.