From TA point of view, looks rather bearish.
We had witnessed the Gap Down on 6th July 2018 whereby the price has been fallen off from $11.39 to close at $9.40. Since then, it had continue to trend lower and went down to touch $8.10 on 12th Oct 2018. This is super bearish!
Looks like it may likely move down to retest the recent low of $8.10. Breaking down with high volume that may drive the price lower to challenge the support at $8.00. If $8.00 fall to hold then it may slide down to test $7.70 with extension to $7.30 level.
It might be good to wait for it to stabilize first before taking any further action to accumulate.
If it is able to stage a strong rebound and rises above $8.65 then we may likely see a reversal happening.
Not a call to buy or sell.
Pls dyodd.
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