It fell off the (bullish) pennant and its in the downtrend pressure.
Short interest is very high and their target is not clear to me.
Bottom could be at 4 or 2, so I don't recommend taking any position, unless trend reverses over few green days.
Don't fall for occasional spikes as they are quickly crushed.
Short interest is very high and their target is not clear to me.
Bottom could be at 4 or 2, so I don't recommend taking any position, unless trend reverses over few green days.
Don't fall for occasional spikes as they are quickly crushed.