Replies to post #2651 on Simple TA by Wizetradr

[Deadb440]

Just took a look at the egmi chart and though it doesn't look vg there are signs that it is already in an oversold position with investor indecision as to what they want to do. The current candle is bouncing off the 20ma and could very likely signal a short term bottom and buy opportunity for a 22%bounce back to around the .85 mark.... A bit too early fo me yet but for now it appears relatively stable with good support.