CMA

CMA: the technical view is less positive now, but not clear that the uptrend is entirely over.
The stock has been on a decline since breaking the upward sloping trend line. RSI has been trending down since the stock bumped into resistance at $1.70 and subsequently reversed. However the technical indicators now are mixed.

Today’s bounce, if sustainable, may allow the stock to continue its uptrend. A break up back above the 20day MA ($1.635) may lead the stock to a re-test the $1.70 resistance.
Conversely, a break below yday’s low of $1.54 (coincide with 50day MA) bodes negatively for near term price action.