Does anyone else see the head and shoulders pattern?
This thing is a textbook Head and Shoulders formation. Danger zone. That's a bearish indicator for those wondering. I can see this at $1/sh. easily and soon. But I guess longs that bought in higher than the current price can ignore 100 year old technical indicators that are tried and true. Sure just bury your heads. Geez.
Pretty sure that ended on the 20th @ 1.27; that recovery proved too much support under 1.50. Basically we're at the right shoulder band now, pushing up against resistance in the 1.7s and support at 1.5. IMO based on Chapman Advisory Group StockConsultant analysis available on NASDAQ page.