Bzam Ltd (BZAMF)

[Ignatius J. Reilly]

No. Capitulation is 'panic selling'. As referenced below capitulation CAN lead to a bottom but they are not synonymous. With TGOD capitulation has happened at a few stages and the price did start strong rebounds afterwards but at each juncture, more news perceived as bad came out and created more downward pressure.
This is the actual definition per Investopedia:

What Is Capitulation?

Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines. Capitulation can happen at any time, but typically happens during high volume trading and extended declines for securities. A market correction or bear market often leads investors to capitulate or panic sell. The term is a derived from a military term which refers to surrender.

After capitulation selling, many traders think there are bargain buying opportunities. The belief is that everyone who wants to sell a stock for any reason, including forced selling due to margin calls, has already sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that capitulation is the sign of a bottom.
This would be you.

While traders often attempt to anticipate capitulation selling or buying, the reality is that capitulations are after-the-fact outcomes that result from the maximum psychological and financial pain that can be endured by investors before liquidating their positions.