Actually, IMO, the chart looks to be bottoming at a higher low. The macd has a strong positive divergence and CMF is improving. At this time, a bottom would be a higher low which I also find positive.
Could it go lower, yes.
Promising is a relative term and subjective so the above is just an opinion.
8 trading days with price holding above 1.60 on a closing basis is another positive for me. After selling in the 2.30's I am thrilled to be able to reload.
For now I just follow the chart signals with tight money management while company continues its progress. IDRA has created green for me every year for almost 5 years. No reason for me to stop yet. It would not surprise me at all to see another run between now and end of year. Historically, OCT-NOV are positive months for IDRA. Just one man's opinion, which is no better than another, IMO. :-)
Best Wishes to you and all who invest in IDRA.
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