here are some lines. I have no idea what it will look like, but there is definitely a massive downtrend that needs to break first. I mean, literally, once it breaks, pretty bullish to like 18, and there is potential to see some crazy numbers again, such as 54.
I like 6.54 or so as a potential buy target, but there is a low all the way down to 4 dollars. I think in the short term, it holds the $6.50 mark, but we could see like 5.98 or something quickly. If we see the $4 mark, it's probably going to be from that rejection trend. If we see it on the top side of the trend, BULLISH, if we see it on the bottom, be careful.
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Green "support" trend is now a rejection trend, we are on breakout of previous rejection.
@peterpe3x, long term technicals still remain the same. Short term Technicals align with long term technicals, and we are at a big bounce point. I would be careful with short term options, however, the upside is favored, and from a technical standpoint, it's not a bad buy zone. It's not even out of the question that buying today's dip under 6, might not be a bad play into next week.
nicktussing77
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@peterpe3x, this dip is the one you probably want. It is at a point where it either starts to bounce or heads to zero. Highly favored percentage for a long position.