Resistance at $2.90 respected. Head and shoulders setting up.
Current pattern is the bearish rising wedge which typically breaks out from 50% -100% of advancement into the pattern -The measured target depends on breakout location on support.
The Price action is very steep signalling a pullback which may complete final formation of the right shoulder in the Head and Shoulders pattern.
Target is 50% of measured target and also the 161.8% fib level.
- See annotations - Let's see if this company can pull a fundamental rabbit out of its hat to save it.
https://www.tradingview.com/chart/G...-target-to-complete-Head-Shoulders-formation/
