I think the charts are telling us something interesting about ESI...... it is oversold but those selling are not convinced . . . . . if you like technical analysis please read on and contribute:
- the RSI is seriously oversold but it had not been consistently trading below 30 which tells me that the stock is not in a permanent downtrend. The aggressive selling has created a buying opportunity.
- you usually confirm RSI signals with some kind of divergence in other technicals. the MACD is well above the last time the stock hit a low point in its RSI (around 23 december 2009).
- the stochastic has started to turn up with today's action and hammering (if it maintain the current SP of .025).
- short term, the SP crossed below the lower bollinger band. if the other signals were not there i would not have become bullish about this drop. a drop below the bollinger suggests that i should look out for exhaustion in sellers. . . .
I bought today so my analysis might have a degree of bias to it. Please DYOR.
- short term, the SP crossed below the lower bollinger band. if the other signals were not there i would not have become bullish about this drop. a drop below the bollinger suggests that i should look out for exhaustion in sellers. . . .
I bought today so my analysis might have a degree of bias to it. Please DYOR.
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $1.515K | 504.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 13357839 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 11826592 | 27 |
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No. | Vol. | Price($) |
---|---|---|
41 | 13339839 | 0.003 |
17 | 12832678 | 0.002 |
10 | 17300024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11099510 | 26 |
0.005 | 5651603 | 28 |
0.006 | 5239567 | 10 |
0.007 | 2764837 | 7 |
0.008 | 482213 | 5 |
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