Looking at this chart it is hard for me to not see at least a drop to the 20 day EMA in the works in the near term. Stoch is very tired and MACD looks like its about to flip again. Im watching push-through to the 20-day for a potential entry point long if overall picture still is in-tact. Long-term I am bullish on this stock which I know I may catch flak for...
Updated. Still looking for retest of resistance turned support at 72. In my opinion that is a good level to buy in if you haven't yet. Looking for bounce up to 75 to see if we can pass high set in Feb. Currently going through short term bear cycle, watch intensity of it.
Bullish reversal could be in the works. Hit 59 on Friday, today is bouncing off that level nicely. Be on the look out for the gap fill to the 62 level. Still remaining cautious here but ready to buy should we see confirmation
Same chart but on 4 hour, look at how lows have been riding the 30 EMA, short bear cycle with good bull follow through in first 4 hours of trading today. Looking upward
Looking healthy today. We were awaiting a small bear and that is exactly what we got the last few daily cycles. Should start gaining some upper momentum again.
