TA Update! I had a feeling that mood here was leading to a bottom and now the charts are backing that feeling up. Today's chart is a weekly chart of EXO and it is one candlestick away from confirming a bottom reversal is in place which also coincides with the change in volume and lots on the ask side drastically reduced.
Weekly Chart
Items to note:
1. MACD has been in a steady incline while the stock has been declining....bullish
2. Stochastics and Williams's R and many other indicators in oversold territory while others have simply flatlined...bullish
3. TRIX has crossed over and has been inclining again while the stock declines...bullish
4. The 20 day moving average has no turned up....bullish
5. CMF is above the zero line and trending up...bullish
6. CCI still trending downward....bearish
7. ADX +D1 line has flattened and has turned & still above -D1 and ATR line....very bullish
8. The last 3 candlesticks are very positive showing the bears can't seem to push the stock any futher down than 0.05cnts
9. All the yammer here by nottaclue and others like KINGDONG have shown up here at the same time as the "closing pennent" formation nears to an end.
Coincidentally the pennent closes right around the vote date. So I will be waiting for a NR in the days following the vote and I am assuming it will include news that the investors have been waiting or at least happy enough with to finally get this moving up again.
Let the criticizing begin