Is this the bottom? Could it touch the corona low? Could they get bankrupt?
For sure: High risk! It seems inflation is a huge threat for them.
Analysis: Head and shoulders pattern on the weekly. Price target reached. M pattern on the weekly. Price target also reached.
Downtrend still active.
Possibilities: Huge W pattern, but could also end in a huge M pattern (to 0)) Probably corona low is getting touched. If it closes above, we formed a higher low.
Hello, good work on sharing your first post with the community. We hope you had fun during the learning experience. Hope you enjoy the rest of the day.
From mod @zAngus