GND

[Russ]

Right on long term support. Any thoughts?

[Russ]

Just feel it might turn up from here.

[Vano]

Could be a good trade, but I am wary of catching falling knives..... Nevertheless put in a bid at 1600....

[Russ]

True, but it has at last reached long term support and is heavily oversold on all time frames. So I am hoping that buying now is like picking a knife off the ground rather than catching a falling one!

[barry_1]

Hi Russ, unfortunately GND road transport is facing some flack in other parts of Africa. I'm holding back before I purchase to see how this pans out.

[Russ]

Thanks Barry, the other advantage of buying on support is that I can get out if the support breaks so minimise my loss. It's probably wise to wait for signs of recovery.