The stock has been confined within the magenta lines for a while now. Notice how the Average True Range (ATR) has declined steadily as price approached the support at the lower Magenta line. This is a classic Wyckoff stuff. Am looking for some signs of buying interest and momentum coming back into the stock. A green wide ranged bar would get be interested in buying this stock.
This one is in my watchlist for sure.
This one is in my watchlist for sure.