It has been 2 months it started retracement. Fib retracement plotted from top wave shows 3.618 falls almost at the same level as Magenta Flat Bottom Support.
Apart from that, the Fib lines plotted from last year June, showing Flat Bottom Support also falls in mid of 4.236 and 6.853.
Thats a solid support can be seen around 34.00.
So far, this stock is -44% down from peak, so it's worth to look where will it go.
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Price is slightly dropped 3 days before, with lower volumes seen.
Let see today if sustain yesterday closed price, then we are going to see the horizontal line breakout.