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Sunday, May 26, 2019

Creative

TA wise, looks super bearish!
Looks like it is having a one-way ticket to the South pole!

After hitting the high of 10.00 on March 2018, it had since corrected sharply and went down to close at 3.60 last Friday - 24th May 2019, Looks rather negative and may likely go down to retest the previous Low of 3.28.


The chart it telling us that the price has more room to go lower.
Short term wise, I think breaking down of 3.28 may likely go further down to revisit 3.17.
If 3.17 fails to hold which was also the pivot low when the price Gap up from the 1.00 price level, this may signify more drastic selling down pressure and may likely go down to retest 2.50 level.

NA 2.144.
The company would still be in the Red if not because of the litigation settlements.

Not a call to buy or sell.

Pls dyodd.



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