See anything positive?
Yes, potential!
Recall that former resistance tends to act as support. Today our bottom so far is riding atop that former long-term descending resistance. Estimating today ~$1.38/9. Drops ~$0.0125/day.
If we don't drop below it, we should eventually start to pull away, either through sideways trading or a move up.
Then our channel descending resistance, ~$1.47/8 today, is a possible up side. But "enthusiasm" displayed in the form of volume will be needed to get there. There should be a lull before we actually do try another up leg I think.
I don't have a feeling for sentiment heading into quarterly reporting this time, since DJ bushwhacked us last time.
In partial ignorance, as always,
Bill
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