Earnings play. Lets see if this gaps up on earnings or trails to $18...
Overall I am bullish on this I believe there is definitely a better chance of this going up then down.
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Xerox is still holding inside its descending channel, but is continuing to hover near resistance. Anything above 17.80 is still considered a buy and the present analysis is still in play. However, a break below 17.80 could result in a retesting of support of the channel. Look for a break out of the descending wedge and a retest of resistance, this...
XRX has been bouncing off the resistance of its descending channel and is positioned to breakout and head towards R1 of $23.70. We have seen a lot of buying in the last 4 weeks to support this idea.
XRX can be seen as displaying bullish signs, the real question is is this superficial or will these continue. Volume RSI shows strength, however CVI is steadily declining. A large rectangular bottom has formed, with a bump and run present.