Following a valient effort by the bulls to break out of the downward channel & a fierce fight to end the week, Bears came out on top resulting in a weekly closed below a key S/R $13.00.
Anticipating further downard movement - next week to $10.70 support & back down to the high $7 range in a few weeks time, before touching its old trend line(green). Don't see any sustainable upward movement before that happens.
Anticipating further downard movement - next week to $10.70 support & back down to the high $7 range in a few weeks time, before touching its old trend line(green). Don't see any sustainable upward movement before that happens.