Thank you for your post. Doesn't explain why it is where it is except to say it's oversold. It's been oversold before, rallied, then reverted to the secular downtrend it's been in. As I showed in the past posted a few days ago, it became Oversold in prior periods
and then became even more oversold . If that's the only indicator to be relied on to justify a move up, disregarding all other indicators, it may be a costly proposition.
So I'm back to the same question. After multi-years of losses, WHY SHOULDN'T IT BE WHERE IT IS?
LOOKING FOR GOOD REASONS STILL!
I don't discount a rally in the stock at some point. But theres years of damage to repair before anything sustained should be expected.
Show the profits and not the prospects . "It's coming " is stale!
