Includes two support levels I foresee.
Looking for a bounce from a support zone
Short Crude on downward breakout
Perfect bounce off down trendline
J-Bird Major trend line break and descending triangle forming on the break. Downside target of 1600.
J-Bird RAX short with a stop at 47. Stock looks like it's in a downtrend and is struggling to climb above the down trend line. AT 60x earnings, RAX still looks pricey as their business is becoming much more of a commodity with compressed margins.
Curious to see where we break