Man, $HIFI just took a massive dump.
What happened there?
We were cruising around $0.13-$0.14 for a few days, even pushed up towards $0.15.
Then BAM! Just fell off a cliff.
Now we're bouncing around $0.08-$0.09.
Looks like a lot of folks got caught off guard.
I'd be looking for some consolidation here, maybe retesting that $0.10 psychological level.
If it can't hold these lows, things could get ugly fast. Volume came in on that downside move, so there's definitely some fear out there.
Gonna watch this one closely.
Could be an opportunity if it finds some footing.