A double bottom formed in early March, leading to a strong bounce above $30. Since then, the stock has pulled back into the mid-$20s. Given current market conditions and the chart setup, a retest of S-1 at $24.50 looks likely. If that level breaks, S-2 at $17.96 comes into play as the next key support.
Watching these levels closely. Price action here will be telling.
Watching these levels closely. Price action here will be telling.
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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.