Stock entering into my trading rangeThe stock is will create a death cross. 50 sma is curving lower & will drop below 200 sma in matter of days. There could be little more down size. The stock is entering an area where it has shown lot of support. Major support area is around $2.10.
The stock is very oversold. Last bounce was from $2.38 to over three dollars it did not hit the major support area but the stock did not create death cross last time. This time the pressure is bit more still it is in a good trading area around now & lower.
RSI & Stockastics show that the stock is very oversold .
I like the stock in this area & lower for a swing trade.