The stock is in an intact downtrend on all time frames. It is currently trading at USD 10.12. Our main scenario foresees further losses to the USD 8.25 area. The stock can recover here, although we only give it a minimal chance due to its long-term underperformance. Instead, there is a likelihood of a breakthrough this zone to plunge towards USD 6.
The bulls hardly see a light at the end of the tunnel. Only above 13 USD could the stock brighten up in the medium term and become somewhat more neutral.
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