Likely to hit new lows.
Root rejected at old support (14) now turned into resistance. Near term support trendline also broken, and likely to find support on the bottom of the long term (yellow line) falling
trendline. Price target: $10.
Will watch this area for potential reversal. A DB may be in play if 10 level holds.
Fundamentally, nothing to provide a counter to lower lows. Stock remains priced above valuation, particularly in car insurance sector.
trendline. Price target: $10.
Will watch this area for potential reversal. A DB may be in play if 10 level holds.
Fundamentally, nothing to provide a counter to lower lows. Stock remains priced above valuation, particularly in car insurance sector.
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