In that bigcharts weekly chart I posted the EMA is set at 18 and as you see there the blue line seems to offer a floor that is unbroken in the recent positive action but when price action drops it doesn’t seem to break that line it seems to bounce from it - it seems a good setting for this stock in accumulation and shows that floor at around $1.20’s currently (at least to me)
I would suggest that’s the absolute trending floor for this stock in this current phase
questions:
1). why do you have your setting lower?
2). do you keep the same setting for all stocks or do you adjust to the ‘signature’ of individual stocks
charts are interesting particularly on longer timeframes to me
of course charts don’t predict a stock they predict people’s reactions - the fundamentals have not changed so for me they are an interesting qualifier of direction to be layered over the fundamental values of a stock
recent fundamental value from the licensing deal are not yet factored it - they may not be until a milestone provides a payment
and milestones will be triggered on data and approvals - I expect bigger increases in price on positive data
