Find the monthly chart attached. It has got very good support @ 700. I follow this line for all my LT investments. Price action around this line gives a clue whether to hold or not or book and re enter later.
One way of interpretation is SMART MONEY know better than us and they might have drilled deep instead of wide as they have access to data. We can talk about Wigloo, Gimmel and all that but do we have to data to support that and a draw a meaningful conclusion. NO .It is as simple as that. Dont waver unless there is a drastic change in fundamentals ( we will be the last person to know this) or drastic change in price action.
Please visit Professors site and see the example of WABCO.
Nothing is certain except Death and Taxes.
Rgds,
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