I'm thinking the sp will come back to test the blue descending...

I'm thinking the sp will come back to test the blue descending trendline it broke out of on the 5th Jan which would coincide with a 38.2% FIB retrace at approx .28/.29c. This would be a good result if it holds there imo. The pump up took the stochastic into overbought, then the music stopped and the stochastic has now reversed and looks bearish imo. I'd be cautious here if you have just bought into the hype or a holding from higher levels but that's me...

Interesting I posted a chart here probably over a year ago now and was politely told to toss it out the window because "charts don't work on this stock" LOL, take a look at the longer term yellow and blue lines and then tell me they don't work..

18 month daily chart