Hey Pan,

Thanks for posting the chart makes things a lot easier to talk about when people to that.

I don't know anything about this company from a fundamental standpoint but just eyeballing the chart you have included below from a technical standpoint here are my thoughts.

- the long term trend is definitely down

- there was just a very big selloff in the stock represented by the long red candle and now the market is consolidating after that selloff.

- Normally when the market makes a big move like that it will consolidate and take a breather so to speak. I think most traders would agree that more times than not in this type of situation you will see the stock continue to trade in the direction of the original move after the consolidation, which is what formations like the flag are meant to help you trade.

- There seems to be an upsdown flag there which is formed off of the long red candle and the consolidation.

- So long story short if I was going to think about trading this stock based on the chart below my first inclination would be to have a bias to the downside and to potentially look to trade the breakout of the flag.

- Before trading it though I would look at the fundamentals, as well as the shorter term charts to see what they are saying as well as a couple of additional indicators to give me an idea of momentum in the market should it break.

- With this in mind how are the shorter term charts looking?

As always my stuff should be taken as educational and not trading advice.

Best Regards,
Dave