I believe the weak hands have already been shaken out after the Paypal news, that's capitulation if i have ever seen it, which also filled a gap that needed to be filled. A lot of bad news has already been priced in the stock. If earnings are even half decent, this should have a relief rally to dotted downtrend line and once that is broken, things could start to pick up quickly. It's always risky buying in before earnings, so use some caution. I'm buying 50% of what i have planned now and adding over the next few weeks depending on what happens.
Comment:
so far so good after earnings, ideally looking for an engulfing candle to close the week.