Looking at the stock post Earnings date, what things become Immediately clear? do you See an Uptrend? Is momentum Gaining or declining? How is the Company's approach to AI working? Are there any observations that you can make by looking at this chart?
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Sometimes it helps to Zoom-out and see the larger forces at Play.
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not Really following this stock, any more. It is not particularly a Buy, or a Sell.
@togethertrading23, It's wicking-above the 50-day but Can't sustain it. It will Continue to Fight to make small gains Upward; but eventually, it will Run out of Steam...and Roll-over...
sofearnot
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Ideally, if you're going to short it it should have rsi stay remain below 50 for a day or two. It's at 50.8. It is not Entirely necessary, but it will Strengthen likelihood of a Profitable Trade.
sofearnot
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{It's Trying really hard, but it's Gasping for breath } It May have some minor Small victories, Along the way. We will See.
sofearnot
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It is doing a bit of a Megaphone pattern, since my posting this, which is generally seen as Bearish.
sofearnot
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Okay, guys, my SWOT Analysis of this stock: 1.) Having Trouble Making it Above the 50-day moving average. 2.) Below avg. Volume, on an Up Day. (Not necessarily a deal-breaker, tho.) 3.) quarterly net income STAGNANT Since for eight quarters. 4.) That Big, Ugly MENACING GRAVESTONE Doji
sofearnot
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So here is an Update, It Did 'exactly' what we Said it would do, Guys. In Order for it to be a "Buy," it would need to go Above, and STAY Above the 50 day moving average, the Red line in the following Graph:
sofearnot
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It rose up to a confluence of Mid- and short term moving averages today. Hmmm. Positive volume getting Dwarfed, by Red Volume Days. Ferocious negative MACD and rare Rd Adx. We Shall See...
Trade615
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@sofearnot will break and move up ? Or come down back to $275 area
sofearnot
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@Trade615, I saw some professional Selling in the Final Half-Hour or so. Some engulfing and some Dark Cloud Cover candles as well, i think. I would have Liked to see the pinbar of last Friday, Undercut the low of the previous Friday (the 18th). I drew a more Strict interpretation of the wicks on this Chart, hopefully you are able to View it: