TRUE BREAKOUT AREA THAT EVERYONE IS WAITING FOR. This area is not exact as we need to hit the 50 price area after finding support around the 19 price area. Once we reach that 50 price area and pull back from it, this will be the upper resistance area that I am looking for to rest the upper wedge line on. This line will meet the lower support wedge line that extends back to the initial spike and the second major support on the 19 price area that should be coming. The body within the wedge to be formed between the 2nd and 3rd spike will mirror closely the body of the wedge that formed from the 1st and second spike.
Doesn’t seem like your predictions have been right for quite some time. Should have kept one of your scenarios from just before earnings. Not sure why you are doubling down on the downtrend scenario. I’m thinking ending next week above $42, break out following week to ATH.
THE_1_PERCENT
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@iamtwistedseoul, I would have to disagree on the statement that my predictions havent been right for "quite some time". My predictions have been pretty spot on. It is a very small pullback and price fluctuations NEED to occur. The price has not surpassed anything major in the past couple of days, its been mainly sideways market trend, 29-36 is not anything to jump out of the hard downward trend that it has been in. However, I will say again that, this stock is incredibly unpredictable and tomorrow it can goto one hundred or fall down to three dollars. My analysis is just based off of NORMAL stocks and fundamentals...which is NOT THIS PARTICULAR STOCK at all. I think we can agree on that for sure.
About your price prediction, I would not oppose that level at all, in fact, it could go to the five-Zero area over the next two to four days. Now, if it breaks above THAT, then, I would say, that my view on the action would change from downward to sideways. If it breaks over the SIX-ZERO area then it is in a positive direction.
The target from here would be first the 19 price area and then the third spike will extend up around the 220-250+ price area.
BUT...Yes, it is close to a year away.
At least you now have a good idea of when to expect it, if it is to happen.