A multi-year trend analysis to see if upcoming catalyst will push upward momentum past current resistance highs.
Bounced off 200MA acting as resistance 4X in the last year. Just did the same yesterday. Reversed on 2.81 resistance. 250RSI below 50 = bearish 200MA pointing south = bearish If confirmed, should see some move South. Target #1 = 1.51 $ support level Target #2 = 0.66 $ support level
Very simple set up for direction confirmation. I have a large position in this stock for 2 weeks.
PT: 4.4, will probably find support around 200 DMA on daily