I hope not and from a FA point of view I have no reason to believe so. From a TA point of view the picture is not clear to me the only thing I could tentatively conclude was that it may be that we had the completion of a trend a few days back and now we must wait and see which way she goes. THe reason I say this is a possible completion is
We can see from this that the MACD seems to say we have completed a move.
The next one shows the ELDER RAY which also seems to indicate a upward move in the process
Who knows but my tea leaves say that in the first week of the new year we will be establishing a new trend since the previous is complete.
Since I am not able to see anything clear on the TA other than the down trend has stalled I think the FA must be looked to as the trigger for the next move. LOL who knows
LYC Price at posting:
60.0¢ Sentiment: None Disclosure: Held
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