TANH Should I Buy

Not a good buy right now. TANH is in a sharp down-move (down ~13% regular session and further weak post-market), with bearish trend structure and no supportive Intellectia entry signals. Given an impatient profile (unwilling to wait for an optimal entry), the setup is unattractive at the current price because momentum and trend confirmation are still negative.

Price/Trend: Strong bearish trend and accelerating downside pressure (large red day and continued post-market weakness). Momentum: MACD histogram is below zero and negatively expanding (-0.00212), indicating bearish momentum is strengthening rather than stabilizing. RSI: RSI(6) 31.83 is near oversold territory but still labeled neutral in the feed—this suggests selling pressure is heavy, yet there is no clear reversal signal. Moving Averages: Bearish alignment (SMA200 > SMA20 > SMA5) confirms a downtrend across long-, mid-, and short-term horizons. Levels: Pivot 0.945 is well above current price (0.757), implying the stock is trading below key reference levels. Nearby supports: S2 0.784 and S1 0.846 are now overhead/failed levels after the drop; resistance levels (R1 1.044, R2 1.106) are far away, making near-term recovery technically difficult. Pattern-based outlook: Similar-pattern stats indicate only small expected moves (+0.17% next day, +1.8% next week, +1.45% next month), which does not offset the current bearish trend and volatility risk.