In terms of charts, the bulls currently have little to smile about. The stock still cannot exceed the highs formed and end the downward trend. Accordingly, our main scenario assumes that the stock will fall towards USD 17. A significant cross-support is currently in place here, potentially leading to a buyer overhang.
If the stock falls through this cross-support, it can go significantly lower, and the USD 10 mark comes into focus.
On the upside, a bullish alternative scenario can only be formed above USD 28. If the bulls manage to reclaim this area, the downward trend is history for the time being.
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