Bounce off from the oversold
Updated
Price got sold off after the earnings and dropped further on the news of additional share issuance. Seems oversold and high 17's/low 18's is a good area to play for a bounce to AVWAP or other potential resistance levels around 21
Trade closed: stop reached
It actually had some more downside to it, i reentered at low 17s shortly before it started reverting back to price.
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.