Bozz update:
U
The stock experienced a significant pullback following Piper Sandler's analyst downgrade from Neutral to Underweight, with an increase in the price target from $20 to $35. A staggering 75% surge from the Neutral rating – because logic, right?
Does the analyst realize how absurd that rating sounds? What magical transformation happened to make the stock 75% more valuable under the illustrious Underweight category than when it was just Neutral?
But I digress. Returning to the chart, the stock hit the upper trendline of the sideways channel and produced a doji before the inevitable rejection. The MACD is teasing a potential bearish crossing, albeit in the early stages.
Should the bulls muster the strength to reclaim levels above $41.50 promptly, there's a decent chance of a breakout from the channel. However, if not, brace yourselves for the risk of a further descent.
Support levels to watch:
$36.50
$35.50
$33.50
U
The stock experienced a significant pullback following Piper Sandler's analyst downgrade from Neutral to Underweight, with an increase in the price target from $20 to $35. A staggering 75% surge from the Neutral rating – because logic, right?
Does the analyst realize how absurd that rating sounds? What magical transformation happened to make the stock 75% more valuable under the illustrious Underweight category than when it was just Neutral?
But I digress. Returning to the chart, the stock hit the upper trendline of the sideways channel and produced a doji before the inevitable rejection. The MACD is teasing a potential bearish crossing, albeit in the early stages.
Should the bulls muster the strength to reclaim levels above $41.50 promptly, there's a decent chance of a breakout from the channel. However, if not, brace yourselves for the risk of a further descent.
Support levels to watch:
$36.50
$35.50
$33.50