Fundamental analysis is for fun. But does serve a purpose. Keeping it simple. Lets speculate. Looking at the daily. 1) We have been in a bull market for some time now. 2) Trade War 3) Big Players who have made profits from the trump bump will lock them in. By selling. 4) Other big name stocks, for example fb, are facing pressure. And sometimes in a panic there is a sense of you do i do. --------------------------------------------------------------------- Obvious TA thats overwhelming 1) The massive Bear Flag outlined in white. Resting on the .236 in yellow 2)MACD falling beneath the 0 for the first time as far as you can see. 3) The PERFECT bounce from uptrend channel in white to downtrend channel in red.
Bear flag is validated by decreasing volume, and the EMAs about cut it in half normally resulting in a breakdown.
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Notice the rejection @ the red trend line establishing it as a downward channel.