TA AND CHART FOR THURSDAYHi -- Someone asked for a ta and chart for cmk -- so, here it is.
CMK is looking terrible!! The stock has been in a death dive for 3 weeks and there seems no end in sight. It is trading well under the 20 ema, so the downtrend is well established. The best we can hope for is a short rally up to the 20 ema -- and then sell . However, I think CMK is going to .40 or so and unless this market improves a lot, it could see the .20 level again. So -- I would be a seller at this point -- now -- it closed at .80 and each day continues to print more bearish black candles . You can always buy the stock back if you like the story -- but, at this point, the story means nothing -- I say sell at this .80 mark tomorrow and forget it for now. Sorry this is so bearish, but this is a very bearish chart . Good luck with this one. Here is the daily chart. Zeta
