More downtrend to come.
Updated
Buy off the bounce. Either red downtrend channel, or Aqua support. Did not push through intermediate resistance (green lines), so down trend continues until next run up. 13.50-12.50 Target for my next purchase.
There is a chance it may break the intermediate resistance around 14.50, hold until it approaches the red downtrend and set stop losses there to profit. Rinse and repeat.
There is a chance it may break the intermediate resistance around 14.50, hold until it approaches the red downtrend and set stop losses there to profit. Rinse and repeat.
Comment
Looks to be holding the downward trend. Support around 15, but given market conditions, selloff may continue. Chatter saying that there are a lot of SL set between 15-14.75 could trigger algo selloff too. But now that I've spent time on this it will probably reverse and end the week on a new 52wk high. Such is my luck.....
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