I don't like the fact that the MACD is going below zero and RSI is pointing down with ways to go.
now on the weekly the price is still above the 18SMA and I like the fact that the MACD is going up when the price has been going down isn't that a positive divergence?
so I guess you're right this will go further down ( on low volume which is not bad but on the longer term this has a potential of bouncing off of the $0.50 or just slightly above or below.
if the news is positive though (which I hope it is) this is a good hold.
I just wish I would have listened to the indicators before jumping in as early as I did.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.