Take the chart as you will. The recent decrease in volume can be tied to the ever decreasing share price. The resistance cloud has kept us down and the recent crossing of lines as well entails more down time. The support levels have been noted by the fib retracement as well as resistance levels by the fib. If the Market decides to follow the diagonal line I placed then we can expect brighter days ahead. If it falls below the diagonal then expect to hit lower prices to the preceding support level. The market is experiencing overall volatility as noted by the VIX but another thing to note is the amount of daily shorters tied to this stock.
This is not financial advice Im an amateur trying to get better at this craft and i do it for fun. Make your own decision, happy investing.
This is not financial advice Im an amateur trying to get better at this craft and i do it for fun. Make your own decision, happy investing.