This range will define how the stock does going forward - whether it takes the upward move, goes sideways or pulls back to its prior support levels of 70, 66, 60 and 55.
RS line is trending up, with the price above the 10 week moving average line. I would hold a bullish view above 92 with strict stop loss of 5-8% if the view gets negated.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
What Time Frame are you looking at? By my analysis, (I am a newbie, btwn),Daily charts show a downtrend with NCO on MACD. The price will drop further unless earnings result change something?
TheUnlearningOne
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@Trader4m80s, I look at weekly charts for positional and long term view. And with a strict stop loss between 5-8%. I don't let my losses run beyond 8%. Here I have said, I would look at the stock depending on price action between 82 and 92 and bullish above 92. Till then, I will wait and see how the price action shapes up.
Trader4m80s
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@TheUnlearningOne, This helps. Thank you for your time and a detailed reply.