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See it for yourself and make your own judgement.Support/Resistance:
Based on the chart, there is a obvious double top formation. In my opinion it is very bearish as the volume of the second top is much higher than the first top. $2.00 is the first support at the moment, and bear flag might be forming in the next few weeks. Second support will be $1.80 and third support will be $1.60.
Indicators:
For MACD, RSI and Stochastic, these three indicators are going down, which is another bearish sign.
My Target Price:
I will be waiting for $1.60 to buy in some lots. In my opinion, this is still a very good stock with strong fundamental, but I am not buying at the current price.
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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