Retracement to the .618 fib support at $43.79
The $32 million offering at 52/share was the catalyst for correction. Speaking from a purely technical analysis perspective, we could see a retracement down to the .618 fib support levels around $43.79.
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An updated view:Trade closed: target reached
Closed our short - now bought our first tranche long position at $45.
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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.