Wednesday, August 14, 2019 10:22:01 AM
The thing about charts is that they are not perfect, or everyone would figure out how to use em. The other problem is that people claim to have mastered charting, when they either have no clue or are lying about what they indicate. There are 3 different types of information that the charts provide. Here, all three indicators are suggesting that the stock will continue downward.
I am not trading this stock, but if I were, I would look to see if the 50dma holds. If it does, there is a great chance for a short term nice movement upward. If it doesn't hold, there really are no strong supports - meaning that you may just see .0011, followed by sideways trading before moving up.
Good luck here.
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