Do you have some reason to be looking for a bottom on this stock...

  1. 46,814 Posts.
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    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

    bet weekly.PNG

    Daily with 9 & 21 bear cross shown

    BET.PNG
 
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