MaddogX
I withheld posting this chart on Wednesday when I originally took the screen shot ( date near top left hand corner) because Im over the reception you seem to attract when you post you thoughts on a stock you don't hold and the analysis happens to be a negative one, and I can understand why, but we are here to learn not to just cheer each other on.
Since you asked for an opinion I thought I would throw it up. What this chart displays is a bearish divergence when comparing the chart tops to the Monthly RSI indicator tops.It displayed a similar divergence back in 06 in the previous uptrend from 50 cents to $2.50 approx. It then entered into a downtrend which lasted for over 3 years.
Not saying that this is what is going to unfold here but a bearish divergence warns of a possible trend reversal from the current uptrend which the stock has enjoyed over the past couple of years to a possible downtrend.Doesn't indicate we are going down it a straight line by the way,have a look how it unfolded in 06, it can be a gradual process.
Hope this helps.
All in my opinion. Goodluck
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Last
99.5¢ |
Change
-0.070(6.57%) |
Mkt cap ! $1.136B |
Open | High | Low | Value | Volume |
$1.04 | $1.04 | 99.5¢ | $3.980M | 3.944M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 56239 | 99.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.00 | 103125 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 56239 | 0.995 |
11 | 88118 | 0.990 |
3 | 28311 | 0.985 |
9 | 97667 | 0.980 |
4 | 43265 | 0.975 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 103125 | 2 |
1.005 | 30000 | 1 |
1.010 | 93156 | 7 |
1.015 | 38710 | 2 |
1.020 | 107691 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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