Is this the bottom?
Could it touch the corona low?
Could they get bankrupt?
For sure: High risk! It seems inflation is a huge threat for them.
Analysis:
Head and shoulders pattern on the weekly. Price target reached.
M pattern on the weekly. Price target also reached.
Downtrend still active.
Possibilities:
Huge W pattern, but could also end in a huge M pattern (to 0))
Probably corona low is getting touched. If it closes above, we formed a higher low.
No financial advise.
Could it touch the corona low?
Could they get bankrupt?
For sure: High risk! It seems inflation is a huge threat for them.
Analysis:
Head and shoulders pattern on the weekly. Price target reached.
M pattern on the weekly. Price target also reached.
Downtrend still active.
Possibilities:
Huge W pattern, but could also end in a huge M pattern (to 0))
Probably corona low is getting touched. If it closes above, we formed a higher low.
No financial advise.