The outcome after the Earning Call was that it barely made it back to the closing price at the time this article was published. This is a sign of weakness and lack of conviction. The Price structure displays a critical support level at 851, if this is broken to the downside this will follow the rest of the stocks that have done this same pattern lately and a selloff is on the table. It has to hold the 900's levels if it wants to reach the upper channel resistance level and do an effort to regain the 1000's levels to avoid igniting a down trend.
Price structure: LL-LH in the correction channel, testing an important main support level. The level is right at the intersection of the main uptrend and the correction channel. The ribbons are starting to turn dark green, which means a loss of momentum to the upside.
Volume: Low relative volume pointing to the Bear side
Momentum: Negative momentum since November 2021.
Price structure: LL-LH in the correction channel, testing an important main support level. The level is right at the intersection of the main uptrend and the correction channel. The ribbons are starting to turn dark green, which means a loss of momentum to the upside.
Volume: Low relative volume pointing to the Bear side
Momentum: Negative momentum since November 2021.