Pop back into the underside of the 20d/annual pivot is where I’m thinking we get a good short opp. Hoping it can spike up into the level as opposed to grind up there.
Thinking if this spikes hard up into the 126 level that it should give a nice fade opp. Stacked monthly/quarterly pivot area as well as the descending 20d coming down into it.
Fresh off an earnings miss, SEVERELY over-leveraged, and in a complete freefall. What’s not to love?! LOL. Regardless, if this sells off down towards $25 or lower, I’ll be watching for a relief bounce day.
Hate them or love them, the chart looks to be setting up. Will be watching for a flush into that quarterly pivot area around 31 for a bounce play. There are a lot of other spots lower where I would take the same shot, but won’t be building into the position if it doesn’t want to work at the first level. Will simply stop out and revisit
Big beat on earnings last week and we got a beautiful daily candle on the name. Will be watching for a weak open to start and hold around 194-195. You have a monthly pivot in there as well as about a 50% retrace of the daily candle. Ideally this doesn’t give back more than ½ of Friday if it’s going to remain strong.
