( Yesterday close ) Chart courtesy of stockcharts

Conexant shares were up nicely on yesterday session, gaining more than 7% to $0.45, the volume was also good comparing with the last sessions. Looking at the overall technical picture of stock, the situation still the same, stock is in a downtrend. However, indicators are now more positives than in the beginning of month, predicting that we may be near the bottom, and in my honest opinion the way to go down is really short. With K line above D line we may see a rally on the share in the sessions ahead, and a test of $0.54 should be the next target. So, keep this baby in your watchlist.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.