again I agree with your double bottom. Many years ago when i day traded I used the more advanced TA. I still use 2 they are 3 lower highs and 3 lower lows indicates a falling stock. When 200 EMA is above 50 which is above 10 which is above SP, probably going down look out below. When SP is above all the MAs it is going up for sure.
3 lower highs 14 sept 7.41 21 sept 6,82 27 September 6.80 if you want to throw out 682 as being too small I will agree. But if you look we will pop up shortly setting a major new lower high. JMO Lower lows 20/9 6.76, 26/9 6.68 Today at best 6.50 I have no idea what it does tomorrow.
EMAs today 200 7.35, 50 6.97. 10 6.68. SP 6.50. So I hope you realize that TA can be manipulated to say what you want. Just change a few dates or what you look at. It is great as a personal tool when making fast trades. It is so easily manipulated not so good in general discussions.
LYC Price at posting:
$6.50 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)