My analysis is shown in the chart - hopefully clear.
For me, the stock is a BUY long term but we have seen for a few reasons a sell off, coming up to 50% drop in a few months. What the challenge now is awaiting for the right time to enter into this stock.
When will it reverse, what are we looking for to know it is now a BUY.
For me, i see the 50, 100 EMA has been a very solid rock for YEARS but has now been broken and retested which shows me there is lots of shorts currently. For me the 200EMA has never been tested and a lot of people will be looking at this if it gets there.
Thats my analysis anyway
For me, the stock is a BUY long term but we have seen for a few reasons a sell off, coming up to 50% drop in a few months. What the challenge now is awaiting for the right time to enter into this stock.
When will it reverse, what are we looking for to know it is now a BUY.
For me, i see the 50, 100 EMA has been a very solid rock for YEARS but has now been broken and retested which shows me there is lots of shorts currently. For me the 200EMA has never been tested and a lot of people will be looking at this if it gets there.
Thats my analysis anyway