Check the fib levels to line up with previous support and resistance tell me these were not pre orchestrated drops . Will long over 523.5 and short below
The 7 million shares look to have been completed. 10 day volume was over 15 million compared to an average 10 day volume of 6 million. Downtrend line broken today and held $33 support. The 9EMA has been resistance the past 2 days so break over that should confirm.
Oversold on the daily, Filled Gap from Nov 2023, Risk is todays low 35.42. Rsi curl .
PT is open, had previous support at 40.40 which would be 1st resistance , SMA or fib levels also
Long on a bounce at $26, short on trendline break. Possibly 20% either side. Multiple PT upgrades last week and only 15% float is retail hence the big % daily moves.
