A -60.8% candle for INTWB in the last 24 hours on $21M volume, finding a floor right on the 7-day low of 6.61.
The RSI is reading 15. That’s deeply oversold, but price is also trading far below the 20-day EMA at 8.93.
This isn't a chart to be a hero on. Any bounce from here is just noise until it can reclaim a level like 8.93. The sellers are in complete control of the tape.
Are you buying this blood, or is 6.61 just a pause before the next leg down?
$INTWB
Follow for the next read — posted the moment the tape moves.
The RSI is reading 15. That’s deeply oversold, but price is also trading far below the 20-day EMA at 8.93.
This isn't a chart to be a hero on. Any bounce from here is just noise until it can reclaim a level like 8.93. The sellers are in complete control of the tape.
Are you buying this blood, or is 6.61 just a pause before the next leg down?
$INTWB
Follow for the next read — posted the moment the tape moves.
