Friday, December 14, 2018 10:48:21 AM
See what looks like a camels hump if you draw a line in a hump pattern connecting all the high highs, and the low, lows. Price has not broken this channel.
Priced topped the second week in November. Until it can push past this line, nothing drastic will happen with the price.
If it keeps sliding it's managed to stay on a pretty consistent path.
In other words, price experienced buying pressure until it topped mid November, now it is experiencing immense selling pressure, until something changes the trajectory.
Note the 50 SMA. People selling now for a loss. Average buy price in the last 50 days...4.93. Current price 4.60ish
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