Tested multiple times, and always a bounce; even after a vicious sell off, it recovered at .36;
Likely that this will test 36 cents again soon; wait for the bounce off and then buy in; be careful of the fake out.
Not a good buy before ER. If ER posts good numbers, then high chance of breaking out of this downward channel. It already has heavy support at around 13; which has been tested multiple times.
However, if the ER misses, it'll start a new wave of selling. I would highly recommend waiting until ER is done before getting in on this. A lot of insiders sold recently....
More likely to go down from here; it could come up and test the top again; But will most likely still go down long term;
If it manages to above the descending traingle, then we can see massive gains quickly
Overall seems to be leaning towards a symetical triangle; BUT inside of it, there is a strongly downward sloping wedge; this wedge indicates a push upwards possible;
i think it will bounce off high 39's (low 40s) and then keep going;
Im a little confused because usually head and shoulders this visible cause more damage than this;
But there seems to be heavy support on the weekly chart at the low 20.XXs;
My gut tells me there should be a bigger drop than that, but if we go simply by the chart, there should be a bounce at the blue line. If it does, crops below that blue line though, then...
By no means has the sell off stopped; in the next few days, there should be another big drop;
if we manage a move outside the blue resistance (top), then we will begin a new structure; however, it is likely that we will bounce straight down from it
lower blue line has been support on multiple occasions; its the weekly chart support line;
Overall, we're in a downward wedge; it is not being squeezed, so i do expect the price to continue to go down; but you can catch it going up first before it continues to move even lower;
Price target for me is 14
But absolutely wait for the bounce first; even after the...
On the weekly, this is a slight descending wedge; on the daily, it is more slanted of a wedge; these are both actually good signs that we probably through the worst of the downtrend
It is close to the bounce or fail area though; so i personally expect this to bounce of the blue line (weekly charts support); if it goes below that, then the bottom red line should...
First of all, beware of a false breakout by sharks trying to get you to go long; Basically they make it look like its breaking out of the channel but then it retracts, falls into the channel and goes to the lower end of the channel;
anyways, i'm looking for the breakout; im less risk averse, so i'll be willing to take the long after two days of it remainng...
There should be a bounce on the red line (bottom); it would be a safe play to take this long after the bounce; but beware of it trying to enter the blue channel;
that is why its better to wait for the bounce;
once the bounce occurs, we could potentially take this up to 23 or 24
Its getting near a good support zone;
however, its done a major fake out before, so this one is kind of a dangerous play; if you see the chart, it looked like it bounced off support and then tanked; but then again that could have been consolidation to create a bear flag; no bear flag this time;
Wait for the the bounce to make sure that this is actually ready...