Do not say we did not warn about the descending triangle.
Please be cautious and follow the stop loss..
Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD - Below 0 and bearish crossover( bearish )
4) RSI -broke below above 50% and testing 30%( Bearish)
5) Sto - Bullish crossover and broke above 20% ( bullish )
6) ADX - weak momentum and bearish
7) Candle Stick - shooting star ( Bearish) Refer to What is shooting star
8) Pattern - Descending Triangle ( Bearish)
9) Volume Distribution - Investor are panic and throwing this stock.. Why not you?
Conclusion
Already broke 4.48 support and close at 4.47. If tomorrow high volume and going down, better scram!!!
Run away Price 4.48
Support at 4.2 and 3.72
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