Requested Chart Analysis for Expo Holdings (EXPH).
Expo Holdings (EXPH)
A/D line: Bearish
ADX line: Bearish
MACD: Bearish
CMF (21): Bearish
OBV: Confirmed all moves in the PPS, normal
RSI: Bearish trend not yet reaching oversold
Technical Analysis: We are seeing a bearish engulfing pattern formed on Sept 16th which was confirmed on the 17th. This is not good for the stock and I wouldn’t touch this until we find a bottom. We could see a bounce from here but, I would be a seller into the bounce rather than a buyer. The only way I would consider being a buyer is if volume was very strong indicating strong accumulation. Due to the pattern, there is not really that much to analyze in this chart.
Friday broke the support at .0012 when it touched .0011. The next support is .0009 (100-day SMA) but I wouldn’t trust it.
For requested chart analysis, I simply use technical analysis. I do not combine my analysis with any fundamental view or specific due diligence on the company when building my analysis. Make sure you include all relevant information when making a decision.
Good luck out there,
Mike
At the time of publication, Kudrna has no position in the mentioned stock.
