next stop on the tracks around the 4.00 step . maybe? maybe the 4.05 step will be it for today. they need to keep it tricky. a bounce, then the next downwave. this becomes too monotonously predictable otherwise.
Bounce resistance overhead looks like 4.35-4.55 to me, 4.65 is extreme. and the Fibonacci retrace in the pattern from 5.14 down to 4.05 is ,on napkin math, 4.60 area (4.50-4.60) from the peak at 5.05 to 4.05 is 4.55 retrace target. (4.45-4.55-4.65 area) then more bleeding down selling to finance the company. Technically now, means traders bought shares too expensive at 4.55-5.85...all bought too soon. too expensive. as bargains became 3.33-4.00 area. we're back in bargain zone now. with a big wall of resistance overhead, Layers and steps,from 4.35 to 5.75 and the 200ma at 5 dollars becomes a strong barrier now on the technical chart. all the key moving averages as well. where's the 50ma at now?
at this moment, there is also a bullish rally wave that could take shape ...IF... we see a good bounce here at 4 dollars...rally to 4.60, then pullback to HOLD SUPPORT at 4.30, then targets a topping zone at 5.30 for the 1 dollar move. or gets hammered down at the 200ma around 5.00.
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