The stock has completed a short-term head and shoulders pattern. The price is consolidating and preparing for the next move. It has also broken a support level with high bearish volume and it's going to retest the 110.60 level. If/When the price is gonna swing, the minimum bullish target is around 118.
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Expect Consolidation and Reversal at this point. Reversal of 0.618.
sunlight086
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@sunlight086, Stock is also sitting on SMA 200 at this level. Good Support.
UnknownUnicorn1249598
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Hi @sunlight086, from a mid-term point of view the retracement seems not finished yet. There is still high bearish volume and the price is still far above the long-term bullish trendline. My advice is to wait until there are strong reversal signals.