I trust you can find uglier charts, no doubt...
I see your weekly chart, but isn't it misleading since the volume on last bar only accounts for 2 days of trading this week? Add a couple more potential high volume down days, and it seems to me the chart will look very ugly.
Based on this do you still think this chart is OK? I'm not being sarcastic, just trying to get confirmation of my read.
If you look at the daily chart below, I can see 3 selling days with accelerated selling, not a good sign it seems... Today was -9% with the highest volume since the accident.
I do remember the accident day, but it was a surprise one-day-only down, with quick recovery, not a build up of selling like this time.
The accident happened when there was a lot of positive expectations for the 18XS well. Now these expectations have been fulfilled on the low side, and attached with some negative news. The stock is down on what appears to be a sell-off that I am afraid will amplify because there is no good news coming in the near term.
[Edit] I am still long, not sold one share of BZP, but wondering if near term protection is not warranted. |
