Triple bottom in a downtrend. Broke through 4h channel then rallied sharply up. Looking for it to fall back through until it reaches new support in the $35 range.
Not to mention a PE higher than QCOM in the DotCom boom, but hey who's counting?
Macro picture is simply too ugly. Technical's rule right now. Excluding the FANG stocks, it has performed quite poorly. Only way this doesn't happen is of course, central bank intervention.