X Reaching Bottom of Channel
Basically X is in a bullish channel, confirmed by the retest on 6/15/17 as support. On 7/6/17 X closed below the channels midpoint, which should have warned investors of a possible lower day on 7/7/17, which did happen. The weekly MACD is still at the crossroads and bearish volume seems to be waning, with bearish volume the being the lowest since 12/26/17 (weekly).
May reach the top of the channel again around 7/21/17 with a 23.8x price target, which equals a 14% potential gain as of the time of this writing.
May reach the top of the channel again around 7/21/17 with a 23.8x price target, which equals a 14% potential gain as of the time of this writing.
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