Interesting to see a little AQLV buying from this thread...ya just never know...
It was more interesting that in FACT the majority of the trades Fri by a landslide, was selling at the bid and breaking the lower current 3+ month trading range (and support), and a couple of 100th of a penny off of making a new 52 week low. Not a good sign. The trading had a heck of time just being manipulated up for EOD. Generally though the trading was going for much lower pps.
Of course it all depends on what or how one is trading it. Whether it is day trading, two days, two weeks, etc on generally low volume and low money.
Right now a whole lot of MA's and MA cross overs aren't looking to hot (which would include the divergences and convergences). The candles are using the bottom of the expanding Bollinger bands as a slide. The RSI or its Fisher Transform could get even lower and use ones trading bum as a slide also and then hand it back all messed up. That's just to start and we haven’t even gotten into the question of what this company is or it's questionable activities.
Sure at any point there may be a pause and like I said depends on what one might be looking for in time spans and percentage profits and what losses one is willing to risk before pulling the plug. There might be some minimal few tick green days and I’m sure if it doesn’t happen, the “short” and “manipulation” bs will be the excuse, and if there is even minimal green at some EOD that a multitude of exclamations will be plentiful.
But the odds of getting even close to point where you were expressing on the 27th of Sept, the day before the downtrend and needing about 300% gain for the ones who believed in your interpretations of the “chart is a thing of beauty” and “Nice healthy pull back...back to neutral between overbought and oversold...healthy action...” and the pps “with much more to go”, are pretty bad.
My point is that caution is advised for looking for a general overall turn and for any decent AQLV trader or investor, take profits when one can and don’t give them to some AQLV promotional circus. With news, there will be AQLV selling at the same time trying to promote buying.
Also there is a pretty good force or downward pressure as many who have tried to catch the falling knife in the last couple of weeks can attests to. Hoping or just stating a “bottom” is not determination of any actual bottom or even another ledge before the next drop off.
AI
