It has been a long time since I shared a technical analysis (TA) here in ASSI.
I used to do a lot more TA when I was trading more actively but I have not been trading as much for quite a while now.
Alamak. You don’t believe me?
Why? AK is lazy? OK, you win.
I too lazy to defend myself. ;p
Anyway, since I haven’t done this for a while, I am probably rusty.
Looking at the chart, it should be obvious that the trend is down.
However, what is more noteworthy is that the downtrend is a strong one.
There is no sign of any positive divergence as the MACD has formed a lower low and so has the CMF.
Money is still flowing out of the stock and chances of a trend reversal at this point are slim…