As noted recently, RNN
needed to hold that lower, ascending trend line
, but following subsequent market and sector weakness, it failed to do so ( trend line
has been violated). With the stock still up 289% from its 52 week low, caution is warranted, and it seems logical that further weakness is a strong possibility. How low could it go? Please see corresponding, key support levels (S-1 - S-5). For reference only. Always, IMHO.