I am thinking about buying based on what people say and what I read about the technology of this company but when I look at the chart I see it going straight down since November. Does anyone have any thoughts of that? I think the stock could do well, but maybe there is something wrong or going on that I don't know about.
If you look at the weekly slow Stochastic then you see, that the stock in March 2009 at its low turned around when the slow-stoch was at ./. 7. As of today, we are in the same position. Further, the stock corrected down to touch the lower end of the Bollinger-Band - very healthy indeed and to give the complete picture of the correction, to test the 50week moving average. The correction is over and the new upleg started. Will be fund the follow this run.