EMH - Chart, page-28

Gday EMH'ers

Been a while since my last look at the chart (since that shitty reaction to PFS).
Chart plunged all the way to the previous BO level, but managed to find good support there and has since consolidated and tested this level. Bit of demand came in on the 10th in the form of an upthrust, and price action has consolidated since and is looking alright.

Something new I've been looking at below is 'momentum structure'. It shows the price action relative to the 120 day moving average and gives an indication of the momentum of the stock, which seems to have bottomed for now and is looking at breaking out of the declining momentum 'regime'.

Good chance that EMH can build from here, looking for signs of 'fresh demand' from here.