50 MA is about to cross 200 MA - stock should have a decent run up in January. It's been a frustrating one, but it's going to go very soon. Within the next 5 trading days things should get hot.
ldc2626
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Not really. The cup isn't well formed enough, no support on any of the edges.
fernandochristopher
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No its a downward channel and a fake bull flag. Look at the daily candles after the may rally
glapo
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@fernandochristopher, looks like the stoch rsi are at the same level it has been at before when it starts the swing up...? or, according to what your saying back in May your suggesting it will follow the downward channel? looking for ideas. im holding shares and getting bored with this one and contemplating a move.
catzineco
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@glapo, Hey, that makes 2 of us here m8! Seems it has potential, at least for a quick spike up in Jan 2020 with a Democrat win in the senate... What are you thoughts on this?
glapo
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@catzineco, I would like to see it spike up with a republican win...lol. nevertheless, I would have thought recent momentum would at least keep it traveling north. Anyway, merry Christmas and take care.
boardforlife10
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@fernandochristopher, The difference between now and May is that the 200 MA was in a death downturn. Nothing could stop it and I 100% agree with you except with all the events going on this next month and ACB executives "appear" to be getting their game together. I personally believe quite the opposite (for the short term ~1 month) at least. A lot of people got out too soon, but I would say wait until the next 5-10 trading days and make sure you have a stop loss in. Options may be the way to go on this one. If I had to guess, this guy is going back up to 11+ within the next two weeks.