Interesting monthly candle, 6% dividend, 50% Fib, and possible falling wedge pattern.
Could be a C&H pattern forming on the 15min chart. Company will be on Mad Money.
Breaking LT downtrend line so far. Decent volume so far too!
Long term downtrend is still intact but things get interesting above $17 for those looking to play bullishly.
I think for the bull market to get going again we need to see the $QQQ above $168 or else we could be in for a lot of chop bal year.
Stopped right near the .618 Fib from the 2009 lows. Nice dividend too!
Watching for breakout of this falling wedge to go long!
Let see if the bulls can negate this pattern with a move above the right shoulder. Bears will get aggressive below $270.
Here is how I see it. Inverse head and shoulders targeting around $80.
Above 200d and trying to clear downtrend. Long