Another week is finished. Price bled down about 80 cents from the 4.40 resistance roll over. The downwave before that was about 1 dollar , from 5.20 to 4.20 area. The patterns are discernable, and without Good news... should continue the downward selling manipulation game, as long as they can accomplish it. Now, ask yourself, is today's low at 3.60 the finished bottom target? I don't think it will be. How many more weeks or months are left for shorts and index funds to sell.Will the selling of 8 million shares become the nice falling knife to catch the bottom ? How will the bleeding down game continue in the next few weeks. Where is the overhead resistance now that would roll over and begin the next downwave... 4.00 to target 3.20 maybe. 3.90 to target 3 dollars, maybe. Etc. What would be the reason why today's low at 3.60 should hold as the great cycle bottom now. ? I don't believe it will.
Next targets to watch are the resistance roll over around 3.90- 4.05, and then the bleeding downwave resumes, target 3.40,3.30, 3.20, on to 3.00, overshoot to 2.87. The 1 dollar move from 3.90 to 2.90. Or the 75 cent move from 3.90 to 3.15 area. The magnetic target is 3 dollars. The pattern target is 2.80 area. Why 2.80 ? Because all the previous resistance peaks have centered and began tumbling, from around 6.80, 5.80, 4.80, 3.80, so I see 2.80 as a pattern /algorithm target . We are Bottom fishing . Bleeding down game continues until good news stops it. And mind the impact of index listing and rebalancing procedure. Catch the falling knives.
3.60 is not the final target bottom. (3.25/ 3.00/ 2.75) is becoming visible through the mist.
Another roll over price pattern to notice... 6.20/5.20/4.20... look at the chart... target 3.20 up next. Maybe, says the magic 🎱 ball
Oh... and what's this, about the lawsuit?
Oh, magic 8 ball, what will happen next? 😸
