Long
Time for a reversal?
As we have seen in the last couple of months, when a divergence signal (green #1 on chart), a Tom Demark Seq signal (red #8 on chart), Stoch RSI below 20 and VIX FIX bottom indicator(green bars below the chart)
appears together, there is a reversal.
The price could not break 0.10 downwards and it showed high buy volumes during the first week of september.
Investors are waiting for the decision for a potential Reverse Split after the proxy voting results at the Annual Shareholders meeting on September 25th.
But I think a reversal will take place until the meeting to carry the share price around $0.20 before landing back at the 0.13-0.16 range.
appears together, there is a reversal.
The price could not break 0.10 downwards and it showed high buy volumes during the first week of september.
Investors are waiting for the decision for a potential Reverse Split after the proxy voting results at the Annual Shareholders meeting on September 25th.
But I think a reversal will take place until the meeting to carry the share price around $0.20 before landing back at the 0.13-0.16 range.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.