May Chart, page-11747

The best you can say for the daily chart which has been a nightmare for long traders for the past year is there are signs of a turnaround in progress. While the shares have traded higher and lower than the current trading range, what we see on the chart is where price has preferred to trade lately.
The encouraging things to note are that price bounced off fresh demand yesterday.
The failed break lower yesterday morning increases the likelihood of a retest of the highs of the current trading range.
Price has had 3 pushes lower than the topping consolidation which typically exhausts the downward move.
The three pushes down beneath the topping consolidation also coincide with a 200% expansion of the range beneath the topping consolidation
which is quite a significant drop in price.
They could drop price one box lower but if you ask yourself,' where is the money'?, the answer would be around the highs since nearly everybody at the lows is in a losing trade and most have become forced sellers which means the market makers have been on a buying spree.
So price has been compressed massively which often leads to a short squeeze and a sharp trend higher.