Real simple analysis here,
IHRT is a company that has been hit particularly hard due to the coronavirus. It needs to bounce now if it expects to keep its head above water. It is down roughly 70% from its price in March and I wouldn't be surprised to see this play out heading into earnings and continuing assuming earnings go smoothly next Thursday, April 30th. RSI looks good some positive divergence on the left shoulder and head. Certainly is a risky play given all the uncertainty but I see a lot of potential reward and a high probability of success in the short term.
IHRT is a company that has been hit particularly hard due to the coronavirus. It needs to bounce now if it expects to keep its head above water. It is down roughly 70% from its price in March and I wouldn't be surprised to see this play out heading into earnings and continuing assuming earnings go smoothly next Thursday, April 30th. RSI looks good some positive divergence on the left shoulder and head. Certainly is a risky play given all the uncertainty but I see a lot of potential reward and a high probability of success in the short term.