Share down more than -9% on earnings disappointment.
Technically there is a gap opened, up to 172, that may get filled in the short term. RSI is also approaching oversold territory, meaning an oversold bounce may be reasonably expected.
But overall I'm being guided that 'bear flag' formation that may target 130 next!
I'm also a firm believer that "Nothing good happens under the 200dma", so for as long as we are below it, I will be looking for 'shorting' opportunities.
Technically there is a gap opened, up to 172, that may get filled in the short term. RSI is also approaching oversold territory, meaning an oversold bounce may be reasonably expected.
But overall I'm being guided that 'bear flag' formation that may target 130 next!
I'm also a firm believer that "Nothing good happens under the 200dma", so for as long as we are below it, I will be looking for 'shorting' opportunities.
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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.