July 24th we see it break the support line and make lower lows and highs.
From July 27th to August 3rd: we see selloffs bringing the stock down 5% every day with reducing the company's market cap by 1 billion dollars.
With yesterday and today trading, we see a reversal with a break of the downward trend channel
With earnings coming and up it may be a driving...
Channel that ranges from 38.38-31.65
Recently just broke out of that 38.5 range and gapped up towards the 43.00. Now it's retreating towards the levels near the top of the channel. If we see a break above the 38 support we'll have confirmation on a continued bullish trend.
On the daily chart, Friday's candle hit highs of 19.98 representing the resistance level at 20 also seen on 5/26 and 6/22. A break above of that will signify a breakout and heading towards the next target which would be 21.03. If we don't see a continuation expect the share price to fall back down to its previous support levels at 17.87. High-Risk High Upside!
We...
Strong support levels near 106.80
Resistance level 115.96
Lots of consolidation ranging from 106.80-115.96. A break above 116 will signal a breakout and poised for the next target around 119.
