sanity check ( technical update)
wowww lots of blablabla since a couple of days. Nobody undestands why is stock diving! very simple THE MACD indicator is in negative territory and this repels new buyers and forces more selling. Is there anything positive that will propulse this stock upwards YESSS a definite yes. the recent nuclear test is explosive news. the revenus from this could send your head spinning!! If and when the selling dries this stock will start lifting. Could be tomorrow, could be the day after. Stocks are irrational and all of a sudden a stock starts rising without any advance warning. Unfortunately the only reason this stock is diving its because of technical weakness. even ZEN is not spared. It looks like an overall wekness in the graphite market. My advice is like our GENERAL said keep buying on wekness. by the way although some bullish indicators were showing the MACD was diving well into negative territory and all indicators failed one after the other even the bullish engulfing. I am guessing that the next legs up will take us hopefully to the stratosphere once for all. As a matter of facts I am buying at all prices! 23,21,20, 19,18 , 17,15,12, 10 you name it! I wish we could all buy at 10 cents but personnally 16 cents is the minimum it will go if it ever goes there.