Wait for the dust to settle - could test 50% fib retracement
895
Guidance for Q3 2020 revenue was cut to $70 million from $73 million. This ran up way too fast and was extremely overvalued. The street is now giving it a nice haircut. Technicals indicate that this may be headed to the 50% fib retracement at $73.53.
Note
Note
Reached major support at the 50% retracement - day's session so far indicates uncertainty about the path from here.
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