Current technicals:
Currently: ~$19, bouncing slightly after hitting near 52-week lows
The Bad: Stock is in a downtrend. Moving averages say "sell." Down ~37% from last year's highs. Momentum is weak.
The Maybe Good: Stock is so beaten down it might be near a bottom. Some traders see a potential bounce setup at these multi-year support levels.
Bottom Line: Falling knife territory. Most indicators bearish, but contrarian traders watching for reversal signs. High risk.
Currently: ~$19, bouncing slightly after hitting near 52-week lows
The Bad: Stock is in a downtrend. Moving averages say "sell." Down ~37% from last year's highs. Momentum is weak.
The Maybe Good: Stock is so beaten down it might be near a bottom. Some traders see a potential bounce setup at these multi-year support levels.
Bottom Line: Falling knife territory. Most indicators bearish, but contrarian traders watching for reversal signs. High risk.
The content I share is not intended as investment or trading advice. Always conduct your own research before making any decisions. Trading carries inherent risks, and I am not responsible for any losses you may incur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The content I share is not intended as investment or trading advice. Always conduct your own research before making any decisions. Trading carries inherent risks, and I am not responsible for any losses you may incur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.