Since 10/23, the RSI indicates the stock is oversold. A quick bounce is possible anytime.
On 11/20, MACD also turned positive. This is a intermediate term (~2 wks) bullish sign.
On 12/1 (Mon), the 14-day +DMI was about to cross over -DMI. But we never have the chance since CS warned before the bell and COMS warned after the bell on the next day.
Well, what about now? With today's move, the DMI (directional movement indicator) will finally cross over. This confirms the trend reversal. Besides, if we see 10 tomorrow, the bollinger bands will stay on the top band for awhile.
Combining the TA results, the stock should deserve a buy rating now. However, everyone please take the above TA with a grain of salt. Good technical analysis will give some hints on short-term stock movement; but all TA will throw into trash in front of breaking news. Besides, I am only a novice chartist... :) |
