Looking at the daily chart, it's obvious that the 30/60 EMA crossover with downward movement likely confirms that the price hasn't finished dropping and is heading toward new lows. The decline began on 10/28/2024, and at some point, the price tried to pull out of its steep dive on 03/11/2025 - even showing some volume - but it was all in vain. After forming a cup...
Here we go, to avoid scaring off luck, we've quietly approached the launch pad step by step. The golden cross of 30/60 is getting close and we're about to break through the resistance zone. Target is $25, though there will be many stops along the way.
Looking at the stock, we see it falling day by day, little by little. But if we draw a basic trendline like everyone does, we'll notice it just barely broke through at the very bottom and now it's deciding which way to go next. Taking a broader view at the data sources, we can see that days to cover in mid-March was around 8 days for shorts - not a huge amount,...
