The Stock has been in a downward spiral for many months. It has created a descending channel on the daily chart as well as another small descending channel inside the bigger descending. 3 touches of a pattern indicate pattern completion. Here both the descending channels have completed their respective 3rd touches at the same point. We have also a Morning Star candle shape formation at this low. This is a stock to buy and hold for the coming weeks or months. The Levels are indicated on the Chart.
Technical Overview - Buy and Hold Timeframe - Daily
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