(1) You are getting worked up over nothing, I have already said I don't think the chart is in a trading position as yet, hence my sentiment is not held. However In my opinion it may be beginning to base
(2) I am waiting for indicators to tell me when it might be pertinent to take a position, I also stated it might take some months to do so.
it seems to me you are thinking the same, considering the sentiment you express. However you possibly don't believe it may be beginning to base as yet.
If you are not considering buying at some point in the future why are you here?
(3) My sentiment also suggest people should hold onto their stock at this point, this will help in preventing the share price falling further, and preserve what capital they have.
You somehow seem to think that by indicating the chart is a beautiful thing that I am contradicting myself and being confusing, and I am somehow sneakily suggesting people should buy at this point. The truth of my belief is what I have stated above in points 1-3. I have stated this in a number previous posts
You also suggest I am disrespecting those that have lost money on the stock. In fact I am indicating the share chart is performing as expected by certain traders and its current stage of poor performance is part of normal progress. I am sympathetic to those who have lost money, however I do suggest in future they implement a stop loss in their trading strategy to mitigate risk, and help preserve profits.
I am not suggesting that somehow the chart is a beautiful thing at this actual point in time, of course it is performing badly, but overall the chart is shaping as something that will have a positive endpoint that is the beautiful part.
Finally if I still have your attention I can't post a chart any different from the one you have posted above. That is the chart, I can't provide a different one.
Overall, looking to the far left it is in a consolidation /basing pattern. this is stage 1. It breaks out beginning of May, continues to rise respecting the 50sma, this is a typical stage 2 pattern, shareholders are gaining value with their stock purchases. It tops out and then closes below the 50sma, it tries to rally but fails, this is a clear cut Stage 3.Definitely the time to get out, if not before, it falls back below the 50sma and begins to descend, it is no longer able to broach the 50sma, this is a classic stage 4.
The weekly pricing is beginning to show a slight curvature to the right, it is naturally more prominent on a daily chart .All this is plain to see on Clarity's chart that is why I described it as a beautiful chart , it follows a typical path, that is all i was inferring. It needs time to get above the 50sma and its most recent points of resistance to be confident that it may continue in an upward trend, this may take some time.
That is about as plain an overall explanation I can give, if you or anyone else is still confused, I am willing to try and expand on any point you think needs more clarification. It was not my intention to precipitate any emotional stress in any individuals.
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