If you look at the hourly RSI this is where the last drop occured. Like APH this appears to be the top of a wave. Above average Bull volume to end the day looks like we will get another test of 33.50 however I dont think it breaks here. It should restest 32 and try again however If it doesnt hold this time it looks like it will move back to the 30's. Safe play is to sell around 30.50 and watch. You should be able to buy back again at this area for a bit of a bounce but I believe Its final destination should be around the $30.00 mark. However that should be a few days away. If we can bust 33.50 then It should make its way to 34.60 the buy in price where it should reject again.
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.