What I see... + Bread-out run throughout last week leading up to Earnings + Prices pulled back; seem to have found Support by the 50 MA + Multi cup/handle formation with higher lows + Prices moved sideway in the past 2 days with contracting vol.
- 0.5 Fib could be potential Resistance next - Vol. is still on the low side - Overall trend is still bearish
Setup... Long entry above resistance Stop set at Friday's low (aggressive) or Thurs' low (safer) Target is 0.618 Fib.