Is LC in a bad shape?

LC failed to rally past another Fibonacci Retracement level, instead it fell below the support level since Thursday. Current resistances are the 20-day SMA line and the 23.6% Fibonacci Retracement level. chart shows that last time we bumped on this level, we were met with a strong resistance that led us to a deep pull back. Will it happen again? Weekly chart doesn’t look good.

Caveat!

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