For what its worth...I noticed a little bit more aggressive buying in the late afternoon today...I realise that volume is still low, but a few buyers were meeting the bids, unlike in the past few days when the sellers were throwing their shares at the buy depth...what does it mean, I don't really know but maybe we've reached the bottom (didn't I say that a few times already this week ?) anyway maybe things have turned and next week will be better.
Chart wise, another Hammer today with a long lower shadow looks sort of encouraging, aleast its trying to find a bottom...price back comfortably with the BB, Stochastic has turned slightly, MACD close to crossing over, but OBV still falling...overall still looks a bit dodgy...a few positive days early next week to break this downtrend then we're on our way...of course any annoucement on the positive side and it's a whole different ball game...(trying to stay upbeat)
With the sp in the high 20s/low 30s it does present a good buying opportunity, (maybe one we'll look back on and say Why didn't just buy more ?)...but I think we're all pretty much loaded up and now like Jeeper said lets just sit and wait.
Enjoy your weekend everyone
MAE Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held