gives the company the opportunity to address investors and analysts concerns.
The stock is oversold and on support which held on 3 previous occasions.
The risk to the downside remains considerable despite retracing 50% already, the 200ma
and Fib Gp is the next support @ $55-$60.
Upside potential is possibly more limited but bulls would hope for a visit to the
.382 Fib level.
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Disclaimer
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.