A once healthy stock turned very bearish ever since reaching the 2005 highs. New all time lows were then seen in 2019.
This stock has multiple upside resistances.
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This stock has multiple upside resistances.
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Chart 1
Monthly: Vertical trend support around $2.31 has turned into a monthly pivot. The 10 year #trendline vapourised long ago. Red monthly trendline pivot now acts as .....
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Monthly: Vertical trend support around $2.31 has turned into a monthly pivot. The 10 year #trendline vapourised long ago. Red monthly trendline pivot now acts as .....
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.... resistance. Breakdown of trendline support in teal. Inverted Fibs drawn as we search for possible supports - temporary break below the 1.414% @ $1.591.
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Chart 2
Monthly Chart zoomed: The break/close below the monthly trend lows. Buyers enter around $1.591. The break of the 10 year downtrend is very interesting, the minor pivot resistances (in purple are now in focus.
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Monthly Chart zoomed: The break/close below the monthly trend lows. Buyers enter around $1.591. The break of the 10 year downtrend is very interesting, the minor pivot resistances (in purple are now in focus.
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Chart 3
Daily Chart: The all time low of $1.30. Minor daily pivot support (in green) @ $3.16 attracts to the downside. Major upside resistance around $12.60/00.
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Daily Chart: The all time low of $1.30. Minor daily pivot support (in green) @ $3.16 attracts to the downside. Major upside resistance around $12.60/00.
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Chart 4
Daily Chart: The April 2018 gap to the upside has been filled. Another gap still needs to be filled - when this will happen nobody knows. Major and minor supports visible. A break and close below the $1.30 low will possibly then target $0.60/50
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Daily Chart: The April 2018 gap to the upside has been filled. Another gap still needs to be filled - when this will happen nobody knows. Major and minor supports visible. A break and close below the $1.30 low will possibly then target $0.60/50
7/7
