I see a bounce near term to 316 then 343 which would coincide with the top of the ichimoku cloud on the daily, but long term daily trend is pointing downwards. I expect a retracement down to 282 first, then 265. Daily candle also closed under the cloud with decent volume for the first time since covid crash which are very bearish signs.
Trade closed: target reached:
On March 8, we were a couple of dollars shy of 282 and touched around the 283 mark.