Wow! Tough crowd. As you know T/A relies on the entire trading range rather than simply the closing price. In addition, another consideration, in this case, is the TA/FA of DTOP, since the two are definitely trading in tandem, with a 5-10% diference, after the 2 for 1 conversion. In other words... what's good for DTOP is good for INDV , and I think that todays DTOP chart should show a white candle breaking above the 5dma, which I interpret as bullish.
However, I do agree with you. INDV and DTOP are defiant little buggers... true contrarians. They seem to respond well to bad news and poorly to good news.
At any rate, attempting to identify the bottom, if there is one, helps to pass the time, and in the process we're all learning something. If you could identify the bearish indicators that you have noted, I'm sure all on this thread would benefit, and learn. Don't be a stranger.
Regards and Happy Holidays. |
