This is the only company in its sector that is still intact. Since the others have broken down, it is unlikely that prices can hold on to the rising 200-day moving average currently at $3.18.
A breakdown from this level would also complete a top formation, indicating a target of $2.90, a level not seen since mid-year. The likelihood of a breakdown is high. Quarterly momentum has been in a declining trend since October, and the indicator has just broken below its equilibrium line, indicating a possible price breakdown.
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