PetIQ setback forecast before new All-Time-High
After a GAP-UP followed by a strong rallye in the last days the RSI seems overbought and the old ATH presents a strong resistance. However, volume is still quite high.
I could imagine that we will encouter a setback to the support zone between $38 - $40 before, fueling up and then crashing through the old ATH to above $50+.
2nd alternative would be a continuation of the uptrend towards 47-48$ with sell-on-news on the 5th of May after earnings, followed by a 1 or 2 week setback phase before rising again.
I could imagine that we will encouter a setback to the support zone between $38 - $40 before, fueling up and then crashing through the old ATH to above $50+.
2nd alternative would be a continuation of the uptrend towards 47-48$ with sell-on-news on the 5th of May after earnings, followed by a 1 or 2 week setback phase before rising again.
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