From a mid-long term perspective, it could bounce off the or break of the overhead resistance if it opens upwards in the next trading session. Since no trend has been established yet, a tight stop loss (shown in the charts) if a position is taken at support would be ideal. In case it doesnt test support, a clear break of the major would start an uptrend.
For intraday traders, the point of interest would be the orange line. A clear break above it should send us to the 197-198 levels.
This is not a financial advice. Trade at your own risk. Good luck
The trendline could act as a local resistance. We are back in the demand zone which held up pretty well. Still consolidating in a downtrend, this stock is suffering from fundamental reasons which is discouraging buyers