IC TIP:
Buy
at
66p
For good measure, I also want to see the 14-day relative-strength indicator (RSI) oversold, and extremely so if possible, on a share price retracement back to the long-term trend line. The reason for this is that the technical set-up is more often than not very favourable for a sharp bounce at this major support level. Therefore, if the 14-day RSI is oversold too on a successful retest of the support, then the subsequent share price recovery can be very strong indeed. Remember that the whole point about opening a new trading position is to maximise your return in the shortest available time frame.