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See it for yourself and make your own judgement.Support/Resistance:
The chart has formed a double top pattern at around $4.45. After the double top or "M" pattern, it has formed a bear flag and fall again at around $3.60. Currently there is no confirmation of further sell down, but again it seems to be forming a bear flag pattern again.
Indicators:
Looking at the MACD, RSI and Stochastic, these three indicators should a lack of buying momentum. If the three indicators can go further down, it may be a good buying opportunity. There are 4 period of high volume sell down which can mean that unloading might have taken place. Be extra careful if you are buying now.
My Target Price:
My target buy price will be $2.70.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
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