Price Target: $4.82
Here were looking at a pattern which has already been confirmed(black circle). I identified this pattern a bit late leaving me with not a very good risk to reward ratio but, there are various reasons for I would still enter this trade. Around the second top of the pattern, a death cross( ) was made with the 20 and 50 . Recently, the price went under the 200 for the first time since September and at the same time this 200 is about to make a death cross( ) with the 20 . I'm also expecting for that gap from October to be filled in the next couple of days/weeks. I placed my price target by measuring the distance from the top to the support line from the pattern. My stop-loss was placed at the $5.48 .