So you're saying we should ignore the drop down to 8 at the beginning of October and also the subsequent failure to break out after repeated tries over the last few weeks, as well as today's high volume break below the 50 day moving average. The stock is tending down, but according to your analysis...We should just close our eyes, load up, and hope you're right.
Since it broke the 50 EMA, it means it will bounce back in no time .If you look at the price pattern and the pattern of OBV, both showed that a reversed SHS pattern is forming . Besides, I did not see the big drop on money flow index, the big money is still in the stock, so , who carers about the 50 EMA ? It only tell you the price will bounce back to the 50 EMA quickly.
Yes , I will add up my position tomorrow based on the candle stick chart ay the end of the section, if the down slow down or end up with a green stick , and that will confirm the forming of reversed HS pattern which is very bullish