Taking a look at the chart the past few days my opinion is:
*Chart still shows bullish divergence
*Recently there have been doji candlesticks on the daily chart showing indecision on traders, not bearish
*The chart is also very over-extended away from major moving averages and due to snap back up.
*The macd histogram is still positive so chart tends to go up more than down while true
*Stochastics exited the lower boundary, a bullish sign
*Stochastics %k>%d line, chart tends to rise while true
*Rsi making higher lows recently compared to the chart, so this is bullish divergence
Indications are this chart is in a bullish mode currently.
Doji candlesticks on lows need confirmation to be considered bullish, so any new buying position would be dependent on an open above the doji.
Someone with a position open has two ways to manage this right now.
*They could place a close stop under the doji if they need to get out soon or are getting too distracted holding the position (can always get back in later)
*Or if they have time just wait out any unrealized loss by letting the stock recover in a few years. Put the trade in the sock-drawer for a while and don't look at it or read messages about it every day.
Excluding any major events that would cause the company to stop trading, the chart gives me the impression that it the kind that would jump upwards unexpectedly someday. Perhaps like one would see with a large short covering or new bullish announcement, but unsure whom or when that would be.
The worst thing one could do is just sit there and worry what to do next. That is unproductive and wears down. Instead observe, form an opinion, make a plan, follow it through, then consider it done regardless of the direction or outcome. Then on to the next.
And as always standard disclaimers apply, this is my own opinion, not a solicitation or trade recommendation, not a licensed professional, do your own due diligence before trading.
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