Technical Summary: The stock of BOQ has doen little to excite trend followers and has been trading in a range for the last 5 years. Asides from dividends investors that bought and held the stock would be sitting in the same place as they did five years ago. Over the last year this theme has continued and the stock is currently trading below where it was at the start of the year. At the current juncture the scene seems to be set for a bounce. The stock has been sold aggressively and has now approached an area of support (off chart) that has previously held. If the bounce does not play out then there is a long
way to go until the next area of support. Traders may look to play this as a quick over sold play.
