|Thanks for the post, Nice to see new blood, I got in late and rode the original trend for a short stretch then bailed on the sudden drop back in December 16. Ended up a with a tiny profit. Been watching it since. Certainly has the goods but still 3 years out to production. |
Quite volatile over the last 7 or 8 months.
There is an overhead down trend line around $3. That's the first test.
Price is Moving down with over 400 k volume and the BOP indicator fully negative so somebody is taking profits off the table RSI 20 still in decline at 48 falling from overbought territory and below it's own six day moving average. From what I see it hasn't re-tested the high point of the double bottom put in from May to July 2016. Price rose quite rapid like short coverings.
Just bounced from the 200 Ma but the 20 has already descended through the fifty Todays candle shows hesitance on behalf of both buyers and sellers. Short interest ratio now is a low 2.14.
Where do you think this present pullback will make a reversal ? or do you think it has ?