Updated
Just some observations...
Obviously in a downtrend channel. A break below the bounce point of $8.75 would likely head to $8. A break outside the downtrend channel would re-confirm bullish pressure.
Trade closed: target reached
Just touched below 8.75 at about 8.70. I anticipate this falling to about $8 where the previous highs were.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.