We've seen multiple instances whereby the 50MA crossed back over the 200MA for a death-cross scenario as well as near death-cross scenarios, all with 100% recovery. Will we encounter another death cross scenario with full recovery or a near death-cross scenario as indicated? I'm betting that Bulls will step in due to the strong fundamentals and growth potential of this name.
Comment:
We saw a little bit of life today. Can a death cross be averted on the daily? RSI is indicating extremely oversold with earnings coming up on 2/20. Let's see how this plays out. Cautiously optimistic.