$RAY Losing Shine Bears May Take Control Again....

$RAY failed to sustain momentum after peaking at $2.267 and is now forming lower highs with weak recovery attempts. The recent bearish engulfing pattern near $2.07 signals a potential breakdown ahead.

Entry: $2.053

Target 1 (TP1): $2.01

Target 2 (TP2): $1.95

Stop Loss: $2.09

Volume is thinning out, and RSI shows declining strength. A close below $2.04 could accelerate the move downward. Stay alert for a potential bearish continuation.