Price Consolidation following a big move is an essential part of a stock chart. After the debacle price is consolidating in a narrow range. At present price is at the lower end of the range which is crucial for moving on either of the sides. One will not be surprised if there is a breakout on the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.