Whilst the candles may be suggesting a future move up, I like a few additional bits of evidence.
Here was have price bouncing on the 78.6% retrace of the last spike up, the Ichimokou cloud trying to turn green, price hovering around the 20 day MA, though I would like to see this turn up. The 20 and 50 day EMA's are fairly tight, and flattened, though currently negative.
MACD and RSI not adding anything to the story at present
On the daily:-
Argument can be made the very short DT line is broken, the next longest downtrend line is also broken and price is trying to base
In this case, RSI and MACD turning positive, but EMA's pointing downwards.
I am not surprised at all that after the spike up, price got smashed down deep and hard because its been getting flogged for 2 to 3 years. So shareholders are largely p###ed off and they are fed up hearing the "same old , same old...." Hence the pull back off the spike to the 78.6 level is no surprise to me.
If the Company looks like it has a useful product, esp in this space, at this point in time, and there are numerous partners using it, testing it etc, and the Company is still on their feet, there is probably something of value there. I have been adding down here.
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