The trend overall is down, yes. But, it does correct historically and eventually, it will make the ultimate correction. IMO. suppress suppress, suppress.
If you look at the histo of the macd I posted, it's squaring off as the price drops and the trend continues downward, but the rsi suppression is indicating the stock is oversold yet the variance between the indicators is beginning to level.. The actual sp is way below previous chart history lows, considering all of the indicators.. It's coiling.
The one thing that has me sitting at 1.30 is the current macd histo volume indicator is at the leveling of the prior 3-4 weeks, which means with more indicated sell volume the histo will drop further creating a lower price..
The rsi below 3o although suggests demand is suppressed at a lower oversold price.. JMO..
Who knows although, it may crash with devastating fundamental news.. But, the chances (?)..
IMO it all suggests 1.25-1.30 with the current batch of fundamental history we have.. Which is close to nothing but has quite a following with hedge funds and investors.. People are tired and weary of WMI yet the investors seem to pile on considering the terms , conversions and value. We all know a bit of positivity will clarify the chart interaction moving forward and its monstrously suppressed sp, riding along perfectly with the faux appearance of the sentiment among individuals.. Great value is anything below 1.5 imo. ALL, JMO
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