@jonesrj, Is this going to Hit a double bottom and then rise again ?
jonesrj
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@himanshugodhwani, it is possible. I see three support levels. First one is the previous low near 59.25, if that level holds then a good chance it retests the previous high near 69.50. The uptrend was broken on the weekly view, and then the stock pulled back to retest this trendline and sold off from there which would indicate a potential reversal in trend, the key will be breaking of that neckline at 59.
If the trend does reverse and become bearish, support levels at 55.50, and 47.25 will come into view.