The stock has been falling the past couple of months, forming into what technical traders may call a falling wedge pattern. This pattern is considered a bullish reversal pattern as connecting the highs shows a much steeper drop compared to connecting the lows of the chart, forming a wedge. A break above the line connecting the highs may signal the stock is changing trends and ready to start heading back up. A break below the line connecting the lows could bring about a stronger downward push.
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