I just learned what OBV is and if my interpretation of it is correct then this is a bad sign. Not financial advice, I don't know what I'm doing.
"You Take The Red Pill - You Stay In Wonderland, And I Show You How Deep The Rabbit Hole Goes." The rabbit hole goes to < $300 by Christmas.
Disclaimer: 1. I'm from Minnesota and still live here so I'm used to cheering for underperforming sports teams and maybe in this case an underperforming company. 2. I pretend to be able to read charts and I have never read a book on technical analysis. 3. I am not a financial advisor, in fact, I can't even balance my own budget. 4. I spent two years at ALC, as in...
Double Bottom from the middle of October to the end of October which resulted in a beat on earnings/revenue. As of yesterday there was insider buying and it is currently in a bull flag on the 1 Hour. If it can break somewhere around $41, the next stop is $46 plus. Not financial advice. I'm just an idiot trying to have fun staying poor.
Almost exactly one year ago the 50 day crossed below the 200 day. Shortly after the price skyrocketed on earnings. Will history repeat itself or is it going to be a nursery rhyme that ends with our hero being devoured by a bear? Those that don’t know teach, and those that don’t know technical analysis use the esoteric approach.