I see a descending triangle within a symmetrical triangle. By breaking the descending, touching the symmetrical, horrible earnings, and multiple indicators being bearish i see strong signals suggesting more decline in the near future. The RSI hasn't reached oversold levels yet so there's more space to go down. I think another 10 points if i had to make a guess. Strong resistance at $190 if the spread entices you. Leave a like if you like ;)
welp it's off. closed my positions before I got wiped out
Chittikb
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it bounced off. do you still consider to short this?
Needlez33
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@Chittikb not every candle will be red. I'm still not convinced it's recovering yet. I'm thinking it's a retracement from all the selling aka dead cat bounce. if it hits 170 then I'd start changing my mind but 162$ doesn't impress me.