Overall the denial at the 200 day moving average is a very bearish sign, but it appears to be re consolidating for another move upwards.
If this stock falls below the 0.618 support zone all cases for the bullish rally can be thrown out the window. In fact I think a retrace dwon to that area is very likely to try and squeeze out retail investors; would wait for a break on the small local trend line that's formed before acting on any of that.
If this stock falls below the 0.618 support zone all cases for the bullish rally can be thrown out the window. In fact I think a retrace dwon to that area is very likely to try and squeeze out retail investors; would wait for a break on the small local trend line that's formed before acting on any of that.