Kyo026

WTER "Fall"

Short
Kyo026 Updated   
NASDAQ:WTER   None
For my educational purpose, not to be used as financial advice.

It looks like there is a megaphone type pattern on the break out. It could possibly signal a fall coming, retesting the 200 EMA and/or lower.

RSI is showing a continuation of a fall, indicating bearish sentiment.

MFI shows a bearish trend pointing towards a fall.
Comment:
Should continue down to around $0.60.
Comment:
On the 1M, 3M and 6M the price is starting to cross the 200 EMA. This might be the accumulation area.
Comment:
This is going much lower.

Prediction: maybe around 0.1
Comment:
We might have a bounce along with some of the weed stocks.
Comment:
Small bounce Jan 3/4. More downside coming.
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