https://www.tradingview.com/x/9Ew1Xm1q/
The 200 day simple MA tells the story.
From the chart you can see that there were 2 times in the past when price went below the 200 day SMA
Feb 18 to April 19
Nov 19 to Apri 20
The third time is now. You can see how far away price has gotten away from the 200 day SMA recently gotten away from it.
I and others can not tell you where price will go from here. But, if we stay in the $35 - $40 area for awhile, I think the bottom is in.
Topic: 200 Day Simple MA tells the story (Read 26 times)
Jump to: