CXO - Chart Thread, page-7236

The chart is still leaning towards more downturn. Numerous reasons from a TA perspective.
8ema has track in parallel and below the 20sma for 13 sessions now, not a good look. It needs to cross over before the SP will show a bullish correctoive move.
Volume is still very low, we need numerous trading days of above 18M unit.
RSI is at 40, so still room to move lower.
SP is pushing the lower BB.

So TA wise this is a hold or for some a sell. This is not a traders stock at the moment, minimal SP movement and not enough volume. IMO.
CXO needs a cataylst to move this in the other direction, that being a Fundamental PS Ann . Until then the SP is likely to hit 93 or maybe worse.
Don't shoot the messager, just saying what the TA is stating.

IMO, DYOR and all that!
Have a great day.
Sentiment TA hold, FA Buy.