Steer Technologies Inc (ARGHF)

[foxi]

Agreed, it's threatening breakdown on the bottom band of the hourly and 4h. Sometimes they bounce back the next day if the market rejects price going lower.

BUT:

Look at accumulation distribution in this hourly chart. No one's been accumulating, it's actually lower than AccDist at the previous low of .69 -- so, no support, looks like the bottom's about to fall out unless bulls pull off a surprise rally. One caveat is RSI's still in range to support a rally. (32 could be the bottom based on RSI higher lows.)

If it doesn't bounce tomorrow, it'll crash and eventually test the boundary of the bottom band on the daily. That's currently .09


Hourly chart, blue line is 200 MA