Wow, 17 years... that's a bit too far for me lol. I really don't care what any stock was doing 17 years any more than I care who my wife was kissing 17 years ago. Ancient and irrelevant history, you gotta let it go at some point.
What??? I just proved your point??? Not even close!!!
Hopefully, those reading will take the time to look at the actual chart and not just take it as fact because you said it. That is FAR FROM a "constant down trend". It is actually a pretty flat channel starting at about April of 2014 till current in the .025 - .055 ish range with one blip out the top in Aug of 2015 and one blip out the bottom, last week. We are right back in the channel, no down trend aparent.
It was kind funny that you use the 4 year mark as a starting point because if you use 4 years exactly to the closest open market day you get Monday May 20, 2013. Prices on that day were as follows:
O .0195
H .025
L .0195
C .025
If we use the high of that day .025 for comparison (cause I'm feeling generous) you will see that today's closing price of .0319 is 27.6% percent HIGHER.
How is that a "constant downtrend"???
We haven't been making lower lows. Aug 2014, July 2015, and May 2016 all have candle body bottoms in the .024, .025 neighborhood. We went lower the last few weeks but quickly sprung right back into range.
You said that we have been in a four year constant downtrend then actually bolded the statement that completly contradicts what you said.
"For the first time in five years the weekly 200 period SMA actually started trending downward, that change occurred on about March 20th when it hit the 200 weekly high of about .0444 has been trending down every since."
I'm feeling dazed and more than a little confused...
AI
