EPAM Systems, Inc.Short
Caught in a nasty descending channel
The selling pressure is strong with EPAM and it is currently at resistance. To complete its corrective structure and bottom it will likely do the following (black trajectory):
- Drop to 155-175 range pre earnings (8/3)
- bounce to 200 post earnings
- if rejected at 200 it will completed final leg down to 63-93 range and begin accumulation there.
Goal target 93 by end of September.
- Drop to 155-175 range pre earnings (8/3)
- bounce to 200 post earnings
- if rejected at 200 it will completed final leg down to 63-93 range and begin accumulation there.
Goal target 93 by end of September.
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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.