just wondering if this signals a reversal to an uptrend of at least $.60 closing
Couple Notes from top to bottom
RSI not oversold or overbought
Broke intermediate down trend line but yet to complete the saucer bottom reversal pattern. Still signs of at least a $.20 advance?
Right half of saucer took almost same time as left half of saucer
Volume decreased down first half increased second
recent MACD histogram indicates a neutral level in bear/bullishness
OBV is ready to break downtrend resistance line
seems like this stock still has another $.20-30 cents or so to advance
Also notice the volume day a few days ago was the highest its ever been in 6 months yet it wouldn't go below an even $.30 Is that a sign of demand being greater then selling. Bull?
Q2 report "estimates" $-.013 . Contrary says the result will be a positive $.10 cents EPS unexpected results creating a buying demand for it.
Thoughts??