Thoughts Here Anyone?Wondering if this stock could go on a run to the 1.24 area, kind of as a relief rally.
Seems to have held this 59-60 area for about a month now. Maybe it's basing.
The 38.2 fibo retracement of the decline from March hits right in that 1.24 area of major support/resistance.
200-Day moving average is at 1.29 and falling right now. Could probably fall to 1.24 in the meantime and serve as a magnet target.
The hourly chart shows the stock has broken through and fallen back through the 200-period moving average (around 65) multiple times. RIght now the stock is hugging the line, maybe testing the line as support.
Maybe tax-loss selling is done or close to done?
Anyone who follows this stock closely know if any news is due?