FMG Technical Analysis, page-47

Smashed again with a red open, just as I warned last week.
sits as a lower red bar 3c body 9c tail 1c wick,
but a whole 23c lower than thursdays bearish close and a whopping 41c lower than the VWAP thursday.
Bearish patterns. That drop to 4.88 today is a nice tester for the shorts to see who is down there buying and it doesnt look like many are there. Longs may have vacated for a while here.

meaning its near its daily highs and that longer tail is worrying, expect another few smash downs all day as these Insto shorters play with the bad news to make more drinks money.

Rounding top pattern forming yet again like in May 2017 & last Dec-March, so for it to complete this pattern to round it off it may finish around 4.70 and the doubts over its tenure, costs blowout & legal fees despite assurances by company will feed this weakness.

The shorts are going to have a field day for a few weeks looks like. Any close near 4.70 by August may confirm continuation of the bear trend since 22 Feb but looks more like a flooring trend since 2 June which has to hold to break the bear trend imho.