A clear downtrend for YOJ. This stock is positively correlated to cryptos market. The bearish trend can be explained by the sharp fall on BTC price that's been going on for months.
I expect a short rally although my educated guess is that it will be short lived.
In conjuction with technical analysis, I have couple of fundamental perspectives that lead me to my bearish view:
1. Stronger USD and bond yield could see investors pulling $$$ out of shares
2. Running out of tic-for-tac options, China debased Yuan as another card to retaliate US trade tariffs
3. China loosen foreign investor capital policy and lower the barrier...
BUB waiting for a break out? Bullish symmetrical triangle with correction waves a,b,c,d and e formed. I would watch the volume closely. Should we get increased volumes in days to come and with the price action upward, it is a buy.
We need couple of whales to step in and buy; OR we as community all step in and buy BTC
If the KEY level breaches, then BTC long term has then completed FIB retracement - as illlustrated with orange FIB lines
the chart doesn't lie. just my 2 cents worth of SPX outlook. I don't have splendid indicators, just with EMA and candle sticks, support and resistance, I'd say the bear is out, or at least until the bull steps in again.