CALA continues to go down but offers glimpse of bounce
Updated
Still indicates that the current trend will persist and may bounce on the trend-line I've drawn based on the weekly charts. The StochRSI is notably showing some weakness and including the MACD, ADX and DI. In the weekly chart it appears that there is a channel forming.
Note
I'd take a position on the following conditions:1. StochRSI below 25s
2. Confirmed uptrend by MACD or
3. Uptrend indication by ADX DI
4. If there is a bounce on the support and trendline I have drawn, but the bounce must occur with a confirmed candles.
Note
Fundamentals & Catalyst:1. Dilution will not occur anytime soon because it already happened previously.
2. COVID19 had no effect on the SP.
Note
Correction: COVID19 had an effect on the SP.
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