RE: RE: RE: RE: RE: RE: RE: RE: RE: Chart guy -com I don't put much stock into technicals when trading a such a low price because a small amount of money can move a stock so drastically. So indicators, in my opinion are best left to the weekly charts (at best).
That said based on the weekly chart the macd is steady in the positive, the RSI has come out of oversold ... and the downtrend has seemingly been broken.
On the daily ... the important fact is that the downtrend (which almost mirrors the 50 dma in this case) was broken about a week ago and has stayed above that trendline since.
That to me makes this stock "technically" a buy on suspicion of a breakout (which I did). And according to TD, the book value is 0.38, so we're trading at about 1/2 book value which makes me very happy.
I'm happily going to see where this takes me. Unfortunately I don't really know anything about the company itself, so I'll be reading through these posts. Maybe a hasty buy, but I don't have time to read at work haha.
Good luck to all!