I made this analysis yesterday. Strong potential bottom level here. AVWAP taken from the dead low
Komen:
Chart from yesterday
Komen:
Not saying "the" bottom by the way, but good for a little bounce
Komen:
If we do bottom out here it could take really long to form an accumulation base big enough for a breakout into new highs. Previous time from where the aVWAP is drawn took 200+ days
Komen:
So far its been pretty solid as a bottom
Komen:
Komen: