Broke up from the pennant then dropped back tried to reclaim and failed again .
guessing there was some bad news regarding the financials. IF it does dip below i'd bail out and look for to enter lower.
Looks like its going to play out this descending wedge with 9.35 as the bottom.
Doubt there will be a long squeeze and we go down further however if we do 7.90 is next where we have the 99 day on the daily moving up and offering support.
The 50 day is at 9.65 which i wouldn't be surprised if it broke upwards from there.
Long term still a good hold
short term -double down on lower supports
still targeting 12.35 next
guessing there was some bad news regarding the financials. IF it does dip below i'd bail out and look for to enter lower.
Looks like its going to play out this descending wedge with 9.35 as the bottom.
Doubt there will be a long squeeze and we go down further however if we do 7.90 is next where we have the 99 day on the daily moving up and offering support.
The 50 day is at 9.65 which i wouldn't be surprised if it broke upwards from there.
Long term still a good hold
short term -double down on lower supports
still targeting 12.35 next