We had a nice inside candle yesterday so look for any gap down today 9/14 or in the near future. If we get this gap down even minor this should go to $67, which is the last support level from Feb of this year. If we get any gap up over the high of 9/12 then look to hit into the 100 or 200 moving average.
If this breaks the 200 MA then this is range bound again and could see 250. Wait till it breaks the 200 MA so your not caught in a head fake. If you look at the weekly and monthly chart you can see this same trade setting up.
Currently sitting at a great support/resistance level. If this gaps up even a little tomorrow on, 8/12 this would be a great swing trade to $18. But even if it doesn't gap keep this one on our radar for a tight small grind to $18.
If it bounces off 100 day moving average today and opens with a gap down tomorrow below down trend support, look out below! look at 5/31 date to see what happened. But I think it will be a much deeper downturn since there is soooooo much negative talk about this stock. It's a stock people love to hate, kind a like your 3rd child.
$20 is a false support trapping buyers. This stock is going to $15 from prior support back in 2013. For people who missed this downturn, could still make $5 to the downside. Options are supper cheap right now.