Headed lower towards the next support at the .768 fib @ $42.23. Sentiment is poor with bad news after bad news. Institutional money is flowing out - looking dire.
I disagree with the retracement placement. I would start it at 34.65 (0%) to 69 (100%). This makes 47.57 the 78.6% level. That being said, that is just about where we are now which I believe is also a support line. Perfect opportunity for LEAPs or quarterly.
Comments
Bullish.