Flatlander schreef op 20 augustus 2019 21:48:
You are correct that the medium and short term trends are negative. If BCART breaks the support at $9.65 it would be very negative. That said, I tend to look more at fundamentals rather than technical factors. The potential developments I mentioned would change the trajectory in the blink of an eye. Updates on this type of news is most likely to occur in conjunction with the financial results release. I'm thinking that a retest of the $9.65 low will occur in the next two weeks. The early Sept press releases will allow BCART to put a bottom in.
FL