ROOT has retraced to its 100 W moving average and is bouncing off it at the moment. This is occurring within a lower volume lower low within a 24 W bollinger band while (importantly) not touching the lower limit. Many new investors entered last quarter (between orange lines) and if they haven't sold out, could provide the support for a base above current price. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.