Last month was a hammer candle signaling what looks to be a bottom.
Descending wedge pattern and trying to break out.
Lagging indicator (MacD) looks to be crossing soon.
Note this is still in an overall downtrend even with a descending wedge breakout.
With buyers stepping in so strongly in this name recently it foreshadows some sort of good news whether its earnings or something else. The company would make for an excellent cheap acquisition target at this valuation in my opinion.
No position for now but I've added the name to my watchlist.
Descending wedge pattern and trying to break out.
Lagging indicator (MacD) looks to be crossing soon.
Note this is still in an overall downtrend even with a descending wedge breakout.
With buyers stepping in so strongly in this name recently it foreshadows some sort of good news whether its earnings or something else. The company would make for an excellent cheap acquisition target at this valuation in my opinion.
No position for now but I've added the name to my watchlist.