Coming off a recent rebound high post secondary, pennant has been identified. Showing support today at 3.12, resistance at the top of the previous channel around 3.28. Tuesday may bring us a PR of a concrete "earnings date" , boosting the stock back to the high 3.20s. Coiling up to 3.20-3/25 area prior to the ER on 12/14-12/15.
Red shaded ellipse showing the major downward pressure coming off the secondary, however also solid buying pressure on the rebound.
Higher lows until ER, then depending on the quality of the report, potential bounce back to the 4$ range.
Red shaded ellipse showing the major downward pressure coming off the secondary, however also solid buying pressure on the rebound.
Higher lows until ER, then depending on the quality of the report, potential bounce back to the 4$ range.