This is an analysis on behalf of the trend lines leading back to last year (incorporating short term trend lines ).. In my opinion we're either looking at a breakout to the downside with a minimum level of .70 (with a possible bounce back from .90 support level) or ultimately a breakout to the upside on the other hand in order to retest 2$ level.. If that breaks through 3.5$ would be a conservative target.. Let me know your opinions!?
As this is a heavily shorted stock.. I think this will breakout to the downside!
Before coming back up...
Best regards,
Moder8
As this is a heavily shorted stock.. I think this will breakout to the downside!
Before coming back up...
Best regards,
Moder8