From a technical viewI have mentioned previously that I put value in the Fibonacci sequence of numbers. 3,5,8,13,21,34,55,89 and so on.
So if we go back to the high closing price June 22/2020 and the low price March 07/2022 the time frame is 89 weeks and one day.
If we go from that low March 07/2022 to the closing price March 24/2023 the time frame is 54 weeks and five days. The stock opened March 27/2023 at 14.02 a penny from the closing price on the Friday. March27/2023 was 89 weeks and one day. If you want to check that use an interactive chart such as on Yahoo finance and you will need a Time and Date calculator that you can find online.
Also the volume had been rising leading up to March 24.
So if we are in fact going into a correction it should take the form of ABC.
A being a down leg B moving back up a percentage of A and C a down leg.
I will work out some retracement values to watch for and put them in another post.
The decline won't be straight down and some days it will work back up towards the drop.