The counter is in the process of a temporary bounce, for which resistance is likely to appear at $1.10. Since volume remains high on black-candle days, the decline has yet to run its course. A break below $1 completes a bear flag and gives a downside of around 75 cents, a level that is notably lower than the initial downside of 90 cents.
Indicators are mainly declining, with the exception of 5-day stochastics, which is at the bottom of its range.
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