I see a fairly critical neckline just below 140. When looking at a stock like BAND, I have to remind myself to keep the long-term price history in mind. BAND rose 6-fold in 2 years. In May 2020, it cleared a double top near 90 and never returned to revisit that support area. If the neckline at 138 or so is lost, the measurement of a potential head & shoulders breakdown would be to roughly 95, quite possibly testing a channel support
line in the process.
My point here is that while the short-term developments argue for the real possibility of lower prices ahead, it would likely set up a much better long-term entry on the long side into what has been an extremely successful company the past couple years.
