This is the kind of stock that I like to find. A confirmed eve and eve double top. MACD has crossed downward. OBV has flatlined. I expect a throwback in the coming week or two. However the over all trend is down. There is a zone of resistance between $13-$15. I would look to take profits around there. If the stock pushes thru the zone I would re-enter with a target in the $9.30s
Weekly
Macd is moving in positive direction, but looks like it could roll over in the future. Need to watch this. OBV has not recovered from its downward trend. Last notice that the overall trend for this stock is down.
Monthly
Notice this stock bounced off the $10.50s. That was a long term support. The MACD perked up, but OBV still needs to some time to find it's mojo.
Weekly
Macd is moving in positive direction, but looks like it could roll over in the future. Need to watch this. OBV has not recovered from its downward trend. Last notice that the overall trend for this stock is down.
Monthly
Notice this stock bounced off the $10.50s. That was a long term support. The MACD perked up, but OBV still needs to some time to find it's mojo.