Support areas after the XYZ sell off
Monthly closes provide guidance, measured target can cut through first line of support suggested by the weak two touchpoint upward trendline. Given the entire market is downward at the moment this can easily see the lower end of 60s. Fundamentals suggest recovery on the annual timeframe, maybe even next earning call at least back towards the gap.
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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.