TA UpdateFull Sto is sitting right at the bottom at 12.92...really can't go much lower than that and is representing a solid bottom at .31
MACD could go lower, but would most likely flutter in this range along with Full Sto until the stock decides to move up again.
I didn't realize yesterday that the 200ma had moved up from .30 to .31, so I feel priveledged to have picked up half of my shares at .31 and the other half at .315
RSI bounced off of 40 yesterday, and the rsi could move considerably lower so time will tell with that one.
ma50 and ema20 both sitting at .33, so there is our next line of resistance
Little resistance lines all the way up to .39, so imo, until the stock finally breaks through and holds .39, not too many will feel confident in buying into this play. It would need quite the nr to show the market that this stock needs to be taken seriously.
Only way I see it testing the gap now is if some terrible news came out in this particular stock, or the market in general went on a large selling run.
So...waiting game for now. Either she goes, or the trader see the resistance and makes another trade.
Hopefully Feb 8th answers our questions.
Happy Trading all,
Mediascan