Continued downside pressure is heading for more sell-off based on the technicals indicated although the stock had a strong rebound in late March 2020:
1. The stock upside rebound was capped at the resistance turned support level at 42.55 and forming a bearish engulfing candle.
2. The bearish engulfing rejects the 50% simple moving average and closes below the...
Since finding a bottom near $43 in November it has formed a higher low around $45.
A rebound could be happening soon after Month long consolidation since 12 Dec 2019.
Targets $47, $50, $55, stop loss below $44.8
