RE:ChartI saw the head and shoulders as well, but am not trading this stock so staying put regardless.
You could also agrue that it is just consolidating until the previous uptrend support line catches up which is happening right about now. Bulls hoping to see a bounce off that line.
BigFizz wrote:
For those who follow charts, Im looking at a Head and Shoulder formation. (thjis one has two shoulders, head and two shoulders) Major support around 2.20. If we break that as a closing price I fear we could be going below $2.