sycaway87

sycaway87

Could this be a gigantic head and shoulder formation

sycaway87

The analysis shows a downward trend line that got broken along with a volume profile. There is a huge horizontal volume support line at 84$/per share. The lower support is 70$/per share. The Resistant volume is 122$/per share. The Price is still below the 200DayEMA and just above the 100DayEMA so this might go into a squeeze, meaning volatile price...

sycaway87

Technically Nothing has shown any sign the price is going Higher yet. But It is showing oversold. Historically - this stock bounces up when the RSI hits an oversold level. It always comes back to Re-test 0 RSI level. The major companies with good financials usually follow the technical indicators. Financials on the stock are stable. The Net Income on the stock...

sycaway87

Its still very early in this trend but I'd consider this promising. My Special Sauce shows It's just starting to show signs of a turnaround. Still not sure if this will be a strong or a short upswing. Right now its looking like a little temporary jump up... Will now more next week. Definitely worth watching