Do you have some reason to be looking for a bottom on this stock ? do you have some emotional attachment to it?
From a T/A perspective I wouldn't be watching this chart at this point in time as its purely bottom fishing - there are plenty of better opportunities out there. If it doesn't go broke I expect this will bottom and change trends at some point but personally I wouldn't be looking at it until the 9 & 21 EMA,s cross back up again on the daily chart.
Major support is obvious as shown below - clearly it would need to bounce there if it doesn't do so before then otherwise I would say its a shot duck
Daily with 9 & 21 bear cross shown
- Forums
- Test
- hoots
Do you have some reason to be looking for a bottom on this stock...
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