This stock has been in a downtrend for several months. Now, for the first time in more than a year, the counter is attempting to challenge its 200-day moving average at 85 cents.
Quarterly momentum has cleared its equilibrium line convincingly for the first time in 15 months. Twenty-one-day RSI has broken above its equilibrium line after a series of positive divergences with price. In addition, the 50- and 100-day moving averages are turning up. If prices can clear 85 cents, it would indicate a target of $1. That would still be below the NAV of $1.05 cents. Immediate support is at 84 cents.
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