On the ADX charts it is at 16 and falling further down.
On the MACD charts a negative cross-over is seen - which shows the continuation of the downtrend.
There is a small bounce-back in the stock which shouldbe taken as an opportunity to sell and get out of the stock.
are you a trader or investor? please clarfy. donot misguide the investors.
ReplyDeleteObviously a trader!
ReplyDeleteIf you read all my posts again you will find references to ADX, MACD, RSI charts - these are Technical Analysis indicators used by traders and not investors.
Investors use Fundamnetal Analysis - which is not found anywhere in my posts!