Looks to be a few positives in the short term. Price is now above the 10day and 20day moving averages. There is bullish divergence on the MACD and momentum and looks to have bounced off a good horizontal support line at the 187 area. But if you look at the second chart you'll see that this stock is in a serious downtrend and if you were thinking of buying you would be bottom picking which is never advised. It has a multitude of obstacles to overcome until it could be in a confirmed uptrend, the last of these being 320 resistance. Even if it got to 260 it would still be in the downtrend channel. If it breaks the 187 line downwards then the next line of support is at the one dollar line.
