, bounced off hard since earnings
. it retraced 62% of the Fib. This could be an important level to watch. Positives: Good Momentum, Positive News about the new models, Shorts getting really squeezed. Sitting above 200 MVA. Negatives: Over extended according to daily RSI
, Hitting major resistance.
The next level will be the gap fill to about the 236-238 area, if it takes the resistance out
Personally, the stock could take a rest, even if it fills the gap.