For FA, please check on your own.
Lets check on TA.
1. Volume has been low for couple of weeks.
2. Parabolic still downtrend.
3. Stochastic not more than 50%.
4. RSI & MFI still low and less than 50%.
5. CCI not yet pass 0.
6. MACD is on the way to pass 0.
Many people urge to buy early. As bought as low as 0.18/0.175.
Someone ask whether is it the right timing to buy.
Honestly, i would say maybe yes and maybe no.
There is no signal to buy in TA and maybe not yet.
If it really going to shot up, then current price can be considered as low price and you can say yourself a winner because managed to buy lowest. What if there is no buy signal and share going to stay sideway?
Maybe i am wrong, because i dont know any insider play.
But from me, as from TA point of view, there is no buy signal yet.
Lets wait and see for the buy signal. If it is too late, then just let go.. There is many share waiting for you out there..
Happy Trading.
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