Hey BP - I don't think we can even say its currently in down trend contained in a long term uptrend. It seems the break below 1300 put paid to that as we got a lower low
Yes?
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Hey BP - I don't think we can even say its currently in down trend contained in a long term uptrend. It seems the break below 1300 put paid to that as we got a lower low
Yes?
Hate to say it, but while ATM is undoubtably below a lot of longer MA's, it is most certainly not in a long term downtrend. It might seem long for anyone suffering the recent medium term down trend, but definitely not long term.
You have to back out to a monthly chart to see that the uptrend from 2005 is rock solid, and even the steeper long term uptrend from 2010 is intact. It would have to close below about $5.00 to break that long term up trend.
If you talking about the 2015 very steep uptrend to mid-2019, and consider that to be long, then yes it broke down from that about a year and half ago, so that's not really long term trend news. Basically in TA terms, it's range trading for the past three years. That in itself should give the 'longs' something to ponder.
The wheels of exhurberance in the market came off in August 2020 and have not yet reattached. Is the company going broke, heck no way. It it a good time to buy, well who would know for sure, I guess it's about ones personal risk/reward profile. The day to day chatter is so meaningless and irrelevant when one takes a long term view.
gltah
Here's a thought for the genuine longs. Sharetrader and other discussion groups is akin to watching your feet in a marathon. Look to the horizon instead. The bumps and opportunities along the way will make themselves apparent, attend to them yourself.
gltah
Yes, I noticed that too. Maybe the shorters have left the building until the next downgrade. If not another downgrade then congrats to anyone who got in below $9 last Thursday 25/2/21, $8.92 the low for that day and the year so far. Could be another uptrend starting in the last 4 days:t_up:.
https://www.interest.co.nz/opinion/1...ved-little-six
Another day, another broker downgrade.