1. Test downtrend at $24. Certainly will be rejected.
2. After that get $21 tested as a support level.
3. Most probably we will get to $12.5
4. Trading strategy:
a) Wait for a breakout from this falling wedge. Most probably after we get to $12.5.
b) Fundamentally assess how Q4 results have been affected by the pricing change in subscription fee and most importantly assess how this affected the quantity of active users.
c) Accumulate $14-$10 and consider this as an investment idea only.
2. After that get $21 tested as a support level.
3. Most probably we will get to $12.5
4. Trading strategy:
a) Wait for a breakout from this falling wedge. Most probably after we get to $12.5.
b) Fundamentally assess how Q4 results have been affected by the pricing change in subscription fee and most importantly assess how this affected the quantity of active users.
c) Accumulate $14-$10 and consider this as an investment idea only.
