This is a very simple and clean chart which shows the areas of distribution taken place. The red zones are generated by looking at the volume profile indicator. As you can see, those zones exactly correspond to choppy price action which is very typical of a distribution.
If you want to be bullish, I would at least wait till ~35 level which is approximately the 200d SMA. This would be ~10% correction from current levels
Don't buy into this week's earnings hype; its a trap.
If you want to be bullish, I would at least wait till ~35 level which is approximately the 200d SMA. This would be ~10% correction from current levels
Don't buy into this week's earnings hype; its a trap.
