If price breaks the weekly resistance zone in blue, price could continue up to the $10 level, before giving a retracement. Long term getting to the $11-$13 range before toping out at the $20 range.
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If price breaks below the A boundary, we could see price move lower.
* this is not taking in to account any bankruptcy news. This news will expedite any of these scenarios.*
* If the bankruptcy news is positive we could see that break of the weekly resistance zone.*
* If the bankruptcy news is negative, then we will see a break to the downside and the A boundary will be broken.*
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If price breaks below the A boundary, we could see price move lower.
* this is not taking in to account any bankruptcy news. This news will expedite any of these scenarios.*
* If the bankruptcy news is positive we could see that break of the weekly resistance zone.*
* If the bankruptcy news is negative, then we will see a break to the downside and the A boundary will be broken.*