This has been very interesting and I have been enjoying this COTW.
We can see that the price came all the way down from $10 on Monday to the 1.618 Fib at $8.60, could not hold but used the 200 Day MA just below as support instead and has bounced aggressively since.
Some members have been adding, I would like to see a retest of the 1.618 Fib next, if support is held, it is a buy signal.
Craig
2023-08-10 18:24:16 +0000 UTC