Many of us are trying to guess the low. Several horizontal support levels were broken so there's not much use in those this time. Another tool is Fibonacci. I don't use it much so if anyone is more experienced in it, please correct anything I might get wrong. "Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%." https://www.investopedia.com/terms/f/fibonacciretracement.asp
From 25c to $2.15 is a move of $1.90. Yesterday's low of $1.22 is a drop of 93c from the high. The size of the correction relative to the rally is 96/190 or 49%. Maybe a correction of 49% is going to mark the low? Still some significant sellers this morning but the buyers are stepping up.
Daily chart
15 minute chart. Signs of life.
LTP Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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