Assuming the market does not completely tank, this may have found a bottom. See the large amount of accumulation around here.
The 1.272 retrace of the last move is around 43, where the stock triple bottomed. If this fails the next stop could be 34.
The first resistance, assuming this can break 51, should be the 0.382 retrace of the full down move, around 55-56.
The 1.272 retrace of the last move is around 43, where the stock triple bottomed. If this fails the next stop could be 34.
The first resistance, assuming this can break 51, should be the 0.382 retrace of the full down move, around 55-56.
Trade active:
Got in @ 43.57 on 12/17, sold half today @48.50, don't like the price action. Putting a stop at breakeven.
Trade closed: stop reached:
Might get back in later
Trade active:
Back in @ 43 a couple days ago
