In daily, the indicators show an extreme sold of the stock. I think we can play a technical rebound with a tight SL.
In long terme, nothing shows a change in this long down trend.
Yesterday, HMMJ had a big up candle stick with volume. Although the price is still under the down trend line, but I think we can expect a going up soon. Wait for one or two other sticks for confirmation.
- The price hit the 0.786 retracement of Fibo
- RSI divergence
- MACD is crossing up