I cant see a cup and handle pattern there, doesnt mean there isnt one there though.
Good spot on the Acc/Dis Wanelad, shes showing sever negative divergence. To put it into perspective, its showing that there is more selling going now (even given the higer price) than when it bottomed back in Novemeber. RSI has just broken its uptrend on Friday as well.
Having said that, the price is still in an uptrend and shouold take priority. Its broken through short term support at 16c on high volume which is no doubt bearish, but a break of the uptrend line at around 12c is the pivotal point IMO which also converges with the 200 EMA. I certainly wouldnt be entering it to trade or antything like that until a clearer picture of where its going to stop dropping comes about.
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$3.31 |
Change
-0.030(0.90%) |
Mkt cap ! $232.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1124 | $3.29 |
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Price($) | Vol. | No. |
---|---|---|
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View Market Depth
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3 | 5914 | 3.280 |
2 | 1659 | 3.270 |
1 | 50 | 3.100 |
1 | 328 | 3.040 |
Price($) | Vol. | No. |
---|---|---|
3.400 | 62790 | 1 |
3.460 | 46974 | 1 |
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3.520 | 211 | 1 |
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