6 more days to the next earnings report and share prices are already looking good and ready to take off.
Share prices recently pulled back from around 18.80 highs and bounced at the support trend line marked in green at around 17.55. It has also breached to resistance price points in two trading days.
The last earnings report in Dec 2017 surprised the market by about 300% and share prices made a huge run to the upside. Are we expecting a good earnings report? only time will tell.
The following are major support and resistance to keep a close watch
1. 19.95 - Share prices closed the last session above this point and it needs to continue to hold failure could see prices fall to around 17.65
2. Failure to hold at 17.65 could see prices fall below the support trend line marked in green and could head down to 17.45-17.25
3. Resistance price points are as follows
18.30, 18.70, 18.95, 19.35
Share prices recently pulled back from around 18.80 highs and bounced at the support trend line marked in green at around 17.55. It has also breached to resistance price points in two trading days.
The last earnings report in Dec 2017 surprised the market by about 300% and share prices made a huge run to the upside. Are we expecting a good earnings report? only time will tell.
The following are major support and resistance to keep a close watch
1. 19.95 - Share prices closed the last session above this point and it needs to continue to hold failure could see prices fall to around 17.65
2. Failure to hold at 17.65 could see prices fall below the support trend line marked in green and could head down to 17.45-17.25
3. Resistance price points are as follows
18.30, 18.70, 18.95, 19.35