From Ric Spooner:
While Chairman James Packer copped a well publicised shiner over the weekend, it seems that yesterday the market decided to wallop his share price as well.
After a leading jab last week where the market gingerly tested trend line and 200 day moving average support, yesterday looked like a heavier blow. Price finished close to its low with an ugly looking red candle and down 2.6% on the day. For chartists this is beginning to look like a significant breach of support.