can the stock regain some elevation?.
Since early December the stock has underperformed and had one of its
worst losing sequences of 2020.
RSI is almost at mid-point a potential reversal level.
Bulls need to reclaim the 7/12/20 MA's as support to change the momentum,
while also breaking and closing above the local downtrend.
New longs may be better waiting until this achieved.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.