ANSA has formed a rectangle bottom. I am currently waiting for a breakout. That could take a while. Stock the have been battered and bruised like this one usually take time to form bottom....or they go bankrupt.
If you look at the monthly chart, the stock has broken a downward trend and the macd has crossed up. So that is good.
I would set an alert for $2.71. If it breaks above there, ride it higher.
If you look at the monthly chart, the stock has broken a downward trend and the macd has crossed up. So that is good.
I would set an alert for $2.71. If it breaks above there, ride it higher.