Obviously did not form a pennant as I expected, the end of the day drop seems to indicate an intraday bear flag pattern with target of around $5 again.
Complete lack of accumulation on any time frame, though hourly and 2 hour charts seem to show that it's about to go oversold again, so probably a bounce up around $4.75 to $5.
Still bullish long term on this company, but no point in buying when the market is tanking and software stocks are getting slammed.
Complete lack of accumulation on any time frame, though hourly and 2 hour charts seem to show that it's about to go oversold again, so probably a bounce up around $4.75 to $5.
Still bullish long term on this company, but no point in buying when the market is tanking and software stocks are getting slammed.
Comment:
Touched the oversold mark on the hourly chart, not sure if it rallies or forms a pennant here.