breakout, page-9

"Guess"-timations:

- Retest neckline support area that I marked ~1.55 on a short term basis
- Long-term overall trend on weekly chart still looks bearish. I don't see this going up any higher until some price action information signals a reversal (double bottom, inverse H/S, ascending triangle: this is what I go by), plus breaking the 200SMA.
- Price is actually at historical IPO price, probably people cutting losses and selling out acting as resistance?

One caveat about this ticker is volume is a little inconsistent, so breakouts might be unreliable. Another disclaimer: I don't hold, hence no skin in the game. Take my opinions with a grain of salt. Good luck and have fun!