Today the stock busted the inverse of the golden mean retrace of the move originating Jan. 31. In other words the stock is weak and looking for support.
Jeopardy of a former confirmation comes in the form of a tag of the lower trendline which can open back up the question: was Nov. 20 a reversal? The stock is at an invisible weak line , so it doesn't look good for longs. That's 3 items that surfaced in one day, we love it!
The stock tried for 17 days to get above its 50dma and failed today. The stock is falling of its own weight reflecting its dilapidated capital structure and business prospects . The stock is looking for support as down she goes.