Company in bad finance for a couple of years. Seems to be soon at it's last legs.
Common pattern: Company stock drops to downtrend channel and bounces in average 26% up from there to commence yet another new drop to the abyss (average drops +-28-33%).
It's a risky stock, but if charts are true, when oversold hits and price touches downtrend channel there is a possibility to get 25-30% gains.
Average downtrend length: 308d
Average uptrend impulse length: x+2 aka. 6, 8, 10, 12...
Traditional 3-descending peaks, so remember, very risky in case no positive news heard after 3rd peak.
Not trading advice. Just observations.
Common pattern: Company stock drops to downtrend channel and bounces in average 26% up from there to commence yet another new drop to the abyss (average drops +-28-33%).
It's a risky stock, but if charts are true, when oversold hits and price touches downtrend channel there is a possibility to get 25-30% gains.
Average downtrend length: 308d
Average uptrend impulse length: x+2 aka. 6, 8, 10, 12...
Traditional 3-descending peaks, so remember, very risky in case no positive news heard after 3rd peak.
Not trading advice. Just observations.
Comment:
Not bad.