Daily chart shows breaking the support trendline starting from $26 (Feb 2016).
If not back into the channel again shortly, then selling pressure will increase.
Next support level is $38.96, then $35.48.
If not back into the channel again shortly, then selling pressure will increase.
Next support level is $38.96, then $35.48.
Breakout confirmed (at least to me) & short position added.