You are inconsistent with your thinking, TA is or is not garbage. TA like backtesting just shows the past. Not too many systems whether they are TA based or MIT or NASA based predict the future too well. Does that mean that everyone is guessing, Uh oh!!:)
CMO is not a bad company they are heavily tied to the ARM market and have some real estate. If you are currently entering this stock I guess I would ask why as you are getting in here. The question is has this finished correcting? Here is a chart, the stock is between 50 and 200 day, maybe you...
Its funny how often the market does the logical opposite. Good news market rallies a few points then dumps 10 from the high (rule of 10 1347-10= 1337). 1340 pivot hit many times over the past few months.