fair enough.... there is no overly clear buy signals. And I agree volume and a good rise to clear downtrend is what everyone is waiting for.
I bought back early though in after selling a couple of months back. (sold a little early too!) Buying in now is with a downside risk in mind that I'm happy to wear for the longer term with BOW.
The last three days on the chart show some indecision and on low'ish volume. It has formed a "tri star like" reversal pattern, but it's not on volume as I said. The ROC, rate of change is finally up, just, which show more buyers are stepping up to buy than sellers stepping down to sell. First time since early may. MACD is turning up nicely too.
I've redrawn Kevi's chart with the most pessimistic downtrend channel showing. It suggests we're still hugging the line.
Also note the bollinger bands are contracting, which suggests a trend change if it continues to squeeze in.
So no clear signals, but a few green shoots "&^!%!!
BOW Price at posting:
84.0¢ Sentiment: None Disclosure: Held
