technically the bull move in this stock has left much to be desired in terms of sustainability and stability. huge moves like this have been historically quite bearish for the stock. my estimate is that the price needs major support from a catalyst like earnings or a special response from investors while even a lackluster earnings beat could disappoint bulls. if longs want to hold this price above the $2 range they need to form a continuation pattern immediately or develop sustaining momentum to keep this move up alive. im anticipating much decline in absence of this.
Note
using peak activity, frequent liquidity and stophunt levels this is the outlook if we break this pattern bear:Note
updated using vwap fibo, bands, candles for sup/res/piv
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.