1) "Extended W" or "Head and Soulders" pattern probability is high. 2) Extremely discounted. It was at price level 25 in 1999!
Bear Flag continues to form. Choppy market on 14/05 did not devistate the support. Earnings gave a bearish signal as well. As long upper limit is not cleared idea stays intact. Potential trade setup: Target: 1.25 EUR Entry: ~1.90 EUR Stop: 2.25 EUR
This is a high risk trade. I hope the support around 4.30 will hold. Bounced around 5% yesterday at that level. I thought about buying around 4.30 but it seemed to be too risky. If it comes back to the level around 4.40 I might buy...