The stock has broken out from a “head & shoulders” neckline formation and fallen more than 5.5% as well as formed a large bearish candle.
Simultaneously, it has breached a trendline connecting the low of April 2021 to that of August 2021.
The volume was above average after 13 trading sessions.
Currently, the stock has closed marginally above its 100-DMA.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.