Expect 6% Bounce
The chance for a bounce is very high after today's high wave candle. last 3 peaks down the stock made two lower lows and two lower highs. Though last two bounce were above 12%, expect 1/2 which gives us a short term bounce to $50 area with stop loss 46.11. The stock is in downtrend and under aggressive distribution. This is a short term trade.
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.