Persistent Downtrend Keeps Pressure on

PGHH

remain under strong bearish pressure as the stock continues to form lower highs and lower lows, indicating a sustained downtrend. The price is trading near its recent lows with the RSI around 18, suggesting extreme weakness, while the ADX above 50 reflects a very strong downward trend. Although the stock is in oversold territory, the overall structure still favors sellers unless a strong reversal or support formation appears. In my view, the trend remains clearly bearish and traders should stay cautious until signs of stabilization or a meaningful bounce emerge.