Looking at the log chart, and using the long term diagonal support line, we can see how the last close shows sign of a reversal based on the hammer
candle. Furthermore, although we are showing lower lows and lower highs over the weeks by looking at the price, the RSI
shows somewhat a different story. This is an interesting point to watch. Furthermore the 50 EMA
is still trading above the 110 EMA
. If the 50 were to cross below the 110, then it would make a stronger case for the bears.