weekend charting 17 - 19 september, page-112

  1. 2,397 Posts.
    CIF - weekly, this is all the data I have.

    It's been in a steady downtrend for three years and it's just made a double bottom (could be bullish) at its all-time low.
    The weekly MACD and momentum indicators show bullish divergence (higher lows on indicators v. equal lows on price).
    Weekly slow stochastic shows stock oversold for most of this year.
    A long way from the 200ema and at some stage there will be 'reversion to the mean'.

    Current price represents a low risk entry but if it makes a new all time low then rethink.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.