This looks like a head and shoulder formation.
Stop: Above the right shoulder.
Targets:
First at the neckline.
Second at $25
$25 is the next strong support on the way down. It holds back in 2003 and two times as a resistance in 1996.
Stop: Above the right shoulder.
Targets:
First at the neckline.
Second at $25
$25 is the next strong support on the way down. It holds back in 2003 and two times as a resistance in 1996.