Post by
apapas1973 on Sep 13, 2021 5:01pm
Signs I'm looking for to indicate THE BOTTOM.
There are certain technical indicators that can give us a clue. As it stands this stock is testing the previous low but some of these technical indicators are higher than they were last time the stock was down here on the daily charts, not the weekly. The higher high is a good sign, but I think at this point we need a break below 2.60 and reversal and for these indicators to still stay above the previous low. That would be a divergence. That would be the first sign that could be it for the downside. IF this could bounce strong tomorrow, then that would also be a good sign cause we have divergence now anyways. But it doesn't feel right. Not sure we're going to get that bounce from here. I really hope I'm wrong but I think we may get another gap down tomorrow and trigger more stops. That would really test everyone's nerves. GLTA.
Comment by
EndZonefor7 on Sep 13, 2021 6:13pm
Agreed apapas, this is getting very long in the tooth and we need to see a strong green day soon or some long overdue positive news flow begin. This week is very important IMO as the chart is horrendous.