Technical Analysis
Scenario 1 - Bullish
Price has bottomed at $150 with a mean reversion play to $192-$230 depending on which resistance level holds above.
Scenario 2 - Bearish
The next few weeks will determine if we have a long entry above $170 (if price breaks above). If it resists at the $170 -$180 level then we have a continuation to $150 or a squeeze.
Price Target
Entry $170-$180
Target 1: $192
Target 2: $210
Target 3: $230