An ugly setup

Click chart to enlarge
Chart courtesy of http://stockcharts.com

Usually when we see a stock well under its EMA200 it is better not to try to catch a bottom.

But with Motorola (MOT) I think that its estimated revenues and profits for the last quarter of 2006 don´t match with such dumping stock prices. It is my belief it won´t take a very long time to close the gap down that is damaging the chart.

In other words: it is possible that, for now, we have actually found that bottom…