1. Test downtrend at $24. Certainly will be rejected.
2. After that get $21 tested as a support level.
3. Most probably we will get to $12.5
4. Trading strategy:
a) Wait for a breakout from this falling wedge. Most probably after we get to $12.5.
b) Fundamentally assess how Q4 results have been affected by the pricing change in subscription fee and most importantly assess how this affected the quantity of active users.
c) Accumulate $14-$10 and consider this as an investment idea only.
it broke the resisitance. you think this can drop? Not sure how this went up went the eps was bad.
Askhat_Kulchiyev
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@DrTurki, I think we should get $21.5 tested as a support level at lower volumes before moving to testing resistance at $30
DrTurki
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@AskyKulch, I hope this comes down. lol
awrrfe6gby
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12.50 it is, even the 10ish can be visited as (Fib 1.618) level. Let’s see. Any further viewpoint from your side @AskyKulch
Askhat_Kulchiyev
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@awrrfe6gby, I think we will get closer to $10 - $7.5 to finally get softbank out of the business. They already sold 1billion at circa. $20. Let see some volume and confirmation of reversal of downtrend at $10 - $7.5.