Technical Analysis The share has completed a bearish reversal behavior, the price has completed an inverted head and shoulders top pattern over the weekly time scale, suggesting bearish action likely in the upcoming months. - Breakout below the neckline of the head and shoulders -Breakout below the long term 52-week Average -Violated the rising trend line for the bullish trend -Price completed a retest to the broken neckline, showing renewed selling pressures
I am targeting 7.55 as a first downside target, then 6.40. Stop could be with a weekly closing above 9.00.