Not good @ questions like this. Although it does make me think, which is good.
I still see ADX/R8, CCI8, CO all running counter to the price. OBV10 has flattened & appears to be turning up. RSI8 is cycling @ ~30+/-5. 14,3,3exp SO is OS, as is Combo SR. Theoretically, by going somewhat lateral @ this point, the price has bounced off the sliding 20exp BBand & should reverse over to the other declining quickly from ~$5. DMAs show resistance @ $3.50, with no support downside. So everything seems to be ready.
I recall word that Dreyfus is dumping their position. Would suspect that when they are finished the price should stabilize somewhat. I am waiting for that behavior. We should then see the BBands tighten, the trenders to confirm apparent reversals, and some additional buys flashed by the oscillators.
Volume is dropping off, so might see the price churn between 2 1/2 - 3 for a few days prior to resumed decline or fresh uptrend. Indicators are pretty helpful here. I'll wait for a few days to see RSI8 become more OS, MACD9 to turn up, & OBV to sharpen upwards.
I see the price stabilizing here. Will buy in for mid-term if I get confirmation next few days. LB |
