Clear bounce off of support

٢٥ أغسطس ٢٠١٧

A clear floor has been set at $26.50 price level. Lately plenty of bears have been driving down this price due to a larger marker selloff but that being said I could see a strong reversal to the $28.00 or a break in bottom to a $24 price. Keep an eye out in tomorrow trading session to see if there is any significant action and play accordingly. My best guess is that this price recovers, there just isn't enough reason for this price to go lower at this point. The majority of the risk here is the broad investing environment and if that rebonds at all I would put my money on FOX outpacing it.