Originally Posted by
KW
Only if it breaks below the 200 day EMA and stays there (rather than rebounding back up). A look at the chart shows the price has not tripped the 200 day EMA yet, and has rebounded back above its 50 day EMA which is a good sign, with both positive MACD and RSI - which all suggests that it might be ready to resume its uptrend. However, $3.20 looks to be quite firm resistance, so the stock may remain rangebound. Trajectory will ultimately depend on company news - as market sentiment not in a position to drive the P/E expansion much further.
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