RE:RE:RE:RE:RE:Everything goes as expected
PG,no worries. I found it slightly dismissive but nothing compared to my wife!
Simply, trendlines stay in place or are broken. This trendline has a 7c slope, that's 1.2% each day, obviously couldn't last forever without some more news, so on a close below $5.93 I see this baby sliding lower but for me fundamentals rule the day on this one.
Technically there isn't a lot to talk about as we haven't been at these levels very long but I see $5 as good support (and I would say this holds) along with the 50 day MA at $5.14. Market Profile on my Bloomberg thinks this thing goes higher fwiw.
At the end of the day this is a binary outcome, technicals just help with exit and entry points if you want to trade it around.
All in, I'm buying more in the low $5's.
Good day and good luck.
Crave