This guy has been bouncing between a descending support line and a curving resistance line for a long time. News suggests that the company is attempting to change trajectory. Based on the amount of price decline, and that the curving resistance line is now starting to move away from the descending support line, I think a break of resistance will lead to an impressive bullish surge. No idea about price targets, I only daytrade so a shift from bear to bullish movement is all I'm looking for. But at these prices, one could load up and benefit from catching a small portion of a bigger move. GL
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Well this after hours move has put this into a more risky scenario. I will keep it on my watch list, but it's not looking good unless the BK goescaway.
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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.