I turned the support level blue versus green as it has been compromised a few times.
There is a weaker support level forming below it.
There is also what appears to be a descending triangle as the top trendline slopes down and the bottom one is flat. This pattern is neutral until a trendline is broken with a Confirmed trend in that direction.
I like this stock, but I have to admit, it is looking a bit iffy right now.
No recommendation.
Neutral until a trend is in place.
There is a weaker support level forming below it.
There is also what appears to be a descending triangle as the top trendline slopes down and the bottom one is flat. This pattern is neutral until a trendline is broken with a Confirmed trend in that direction.
I like this stock, but I have to admit, it is looking a bit iffy right now.
No recommendation.
Neutral until a trend is in place.
Comment:
This support level is at the 50% retracement level of the trend up.