See link below for previous analysis.
The previous analysis was quickly invalidated; this is why we use stop-losses!
The stock has been trending downwards for over three years now and looks likely to set a new all time low below 128.
A break above the upper resistance trendline would give an early signal for a potential reversal but there is no sign of bullishness yet.
I will remain short until I get contrary evidence.
The previous analysis was quickly invalidated; this is why we use stop-losses!
The stock has been trending downwards for over three years now and looks likely to set a new all time low below 128.
A break above the upper resistance trendline would give an early signal for a potential reversal but there is no sign of bullishness yet.
I will remain short until I get contrary evidence.
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