Indecision in the charts.
We have the rsi turning down again at 46.30...It hasn't hit 40 since May of this year, so although it has room to still go down, we are very close to the bottom.
Not a nice candle, but then again a very tight candle on very low volume. Indicates frustration with some and just dumping their stock for the sake of boredom. Typically these will be the same folks trying to convince others they've had enough, and then find themselves chasing the stock because they do not understand the power of TA and its indicators.
macd hist is still gaining strength.
slow STO still just hovering at or close to a bottom. Showing room to still head down, but not by much.
ma50 shows .192 and lower Fib is showing .18
I don't know if they can cause enough panic to cause capitulation and force it down to .18 or not. I would think that the ma50 would hold, but without any type of news from the company, they could very well hit that .18 number.
This stock desparately needs something...anything from the company as to how adverstising is going.
I understand that it is not typical for the company to be keeping the stockholders informed, but they are stockholders and this type of information should have been reported on some time ago imo.
So in the meantime, the stock is still hanging around our first support number of .21, and as reported before, is trading in this .20 to .24 area.
There is room for the stock to hit .18, but very limited as to whether any of us would actually get any of that. I suspect the mm's would grab all or any that appeared there, so we then have the .192 ma50 and thus the support at .195 from the previous attempt.
Conclusion:
Whether you re-entered at .195 or.25, you are close enough to the bottom. Suddenly there will be that 9 am nr and she will gap the morning pre-market and off she'll go again.
Has to happen really soon from what I see in the charts.
MS
