See the chart. From lows to highs, using FIB 1.618 taget and trendlines...
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Could it break out of the trend, prior? Sure. is this stock burning down? Yes. $1.94 > $1.00 says yes.
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Gone long at $1.00. See potential upside targets. stop at .94
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another view is we could build a cup and handle...
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A big downgrade, this morning. Here's my updated chart.
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Here's an important update. As you know, we blew past the 1.618 extension down, and past the purple lower trendline. But we quickly recovered and now have found support on that trendline. I see this sometimes in strong downtrends and have discovered that the often unused -2.0 fib level aligned perfectly. Something to keep note of and apply to future high-momentum downward moves. Here is the updated chart.
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FSR riding the purple trendline. This has to hold if you're bullish... HIGHLIGHT in YELLOW.