Nestle S.A.
Long

NSRGY Approaching Key Buy Levels

250
NSRGY has experienced a sharp decline, and is currently approaching an orange support level at $102.46. There is one more greedy support level below, the yellow support line at $88.33. I would monitor $102.46 for a bounce here, and I don't think it is a bad idea to buy at $102.46. However, NSRGY is having such a steep decline that I think we are likely to reach the $88.33 support level over the next few months or quarters for the best buying opportunity at the yellow support line.

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