RE:sideways movement or a bounce should not be unexpectedfundmanager1944 wrote:
Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
https://swingtradebot.com/equities/BRCN
additionally
The RSI Indicator entered the oversold zone -- be on the watch for BRCN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.