Capstone Green Energy Corp (fka CGRNQ)

[Wild-bill]

AH 16:16 235.452K $0.9199, "form t". Now we know why the price was being pushed the way it was.

Went through my near-term rising support (~$0.95) like a hot knife through butter.

However, it did bottom at the falling near-term channel support (lows of 4/30-5/2, 5/18 and today) on a volume "spike".

A volume "spike" often signals the end of a trend, in this case three days down).

If I see signs of a bounce tomorrow, in the first hour or so, I'll add a couple small positions.

But be aware that if this is indeed the end of this leg down, it may take a day or two to complete and start to reverse up.

So an early entry would be somewhat risky.

All the oscillators I watch are, of course, bearish ATM, but that's normal since the mostly lag, although in this case that doesn't much matter, does it?

AFAICT with these old eyes, we also broke the rising three-year support, if we include the after-hours trade!.

All things combined, there seems a decent chance for a bounce to do a reversion to the mean, which in this case for the near-term reversion I estimate to be $1.01-$1.02, where we should encounter strong resistance.

MHO and always (still) learning - is liberal salting is suggested,
Bill