Bearish Setup in Progress?

Sharing a technical look and t he stock is showing signs of weakness — here’s the breakdown:


Price broke below a key ascending trendline (green line).

Now forming lower highs, potentially respecting a descending resistance line we got going .

Fibonacci levels following the bias of price moving in channel and surprisingly 50% could be the key element .

If this level breaks, next targets are the 61.8% retrace (~$162) and possibly the $150–145 zone (highlighted in yellow).

We can also see steady selling pressure — no clear reversal yet.

RSI is below 50, suggesting momentum is with the sellers.

No bullish divergence yet — so sellers still in control .


Dividend just paid (Oct 17) — stock often pulls back slightly afterward.



Important element here mid-November earnings — this could act as a major catalyst.

Not Financial Advice:

Just sharing the setup I’m watching. Risk is real — triggers matter. This one could show power of proper approach wit simple tools .