Im waiting to see when accumulation and buying/vs selling pressure begin to reverse the downward trend as expressed in the A/D line and Chaikin Oscillator.
Also, both the Stoch RSI and CCI show us moving down further
Simple moving averages are fine, but the aforementioned indicators are more reliable as per trend awareness and knowing where the stock is going.
This will bounce again once volume picks up some of those indicators start showing over sold again and RSI cools off further.
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