Further decrease of price into the falling channel and a breakdown price below the lower channel trend line will signify a bearish pattern. Best to await confirmation if the price goes into the falling channel.
Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either.
No potential of DMA support as price is now substantially below the major 3.
Hammer doji, which was within the downward channel did provide a price increase above the channel but failed to ignite a recovery: the increase was small, not backed up by a major volume increase and was followed the next day by a decrease back to the upper channel.
RSI is over sold.
Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either.
No potential of DMA support as price is now substantially below the major 3.
Hammer doji, which was within the downward channel did provide a price increase above the channel but failed to ignite a recovery: the increase was small, not backed up by a major volume increase and was followed the next day by a decrease back to the upper channel.
RSI is over sold.