Redefine Analysis

Redefine proving to be quite volatile seems to be repeating its patterns from before. Strong rally followed by a drop(Sometimes steep) and the share price. A support line at R 3.10 seems to be holding well but if the past is anything to go by, it would be safe to assume the share price might drop further. Redefine seems to be moving heavily on news, which can explain the fluctuations. It would be safer to wait for a further price drop to around R 2.67 to partially buy in and then further buy at around R 2.40 as these supports have been strong levels holding the share price.