Appears that its on a down cycle (rotating down with a few other similar stocks)
I am waiting for it to reach closer to its support $115 mark.
I am also watching to see the MACD cross back over to the upside and RSI to start picking up momentum. Todays activity shows a morning doji on the daily chart which may signal a reversla that can be confirmed tommorow. If that is the case, I will not enter trade. Waiting for more bullish signs and for it to reach a bottom in its present channel.
I am waiting for it to reach closer to its support $115 mark.
I am also watching to see the MACD cross back over to the upside and RSI to start picking up momentum. Todays activity shows a morning doji on the daily chart which may signal a reversla that can be confirmed tommorow. If that is the case, I will not enter trade. Waiting for more bullish signs and for it to reach a bottom in its present channel.
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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.