Understanding trends is not tough but interpreting which one to use is confusing to many. I have two ways to interpret a chart:
Joined a trendline in a way that support became a resistance now and it will move up only when it breaks it
2. It is a solid support line that is still intact and we can see a definite uptrend
3. Daily chart backs point one since it shows downtrend....
This looks particularly weak, and most probably its going down now big time. The irony is this is a cash stock hence you cant short this. You may look for intraday shorting in cash.