First bearish wave of TD is done as of Friday, May 12. Now it will retrace to around 50-52. Afterwards it will drop again to around 40 dollars.
fundamentals: seekingalpha.com If tomorrow's close is >49.50 then we have a bullish engulfing weekly candle. Could use recent low of 47.95 as a stop.
STILL GOOD ENTRY NOW OR WAIT FOR RETEST $51 TO SETUP A BIG SHORT TGT $40 - 32
June 1st 2016 -> next target date Cheers, Keops
I think there is still more to go lower. I expect the price to hit the mid upper channel line at least. Use the screenshot below to readjust the scale: Cheers, Keops