We can see some nice patterns on the shorter timeframes (1H-4H). After the big drop, a consolidation triangle had formed, which was broken to the downside, thus the was confirmed. Currently, there is a , so I guess the price could go a bit lower and test the green area. There is still the possibility of a , but there is also a chance for a smaller rally from these levels.
The green area should be a very strong S/R area, because of the1.27 Fibo -> this could mean a mid-term bottom has formed here.
There is also the and the so-called Three Drivers pattern. Plus, the market is Oversold
BUY AREA - GREEN ZONE
TP and SL will be revealed after the trade is active.
It could be a good technical trade with a solid RRR . BUT, we have to keep in mind that the poor fundamental situation of this company could trump the . This stock has some problems but it is still a great company with more than 200 brands.