Jan09:Positive Momentum divergence. Support at 0.236 Fib (204), Still on the downtrend, but if this can hold this value there could be a leg that could reach the 0.382 Fib @220.
Still too early to tell. If this support is broken then it can go as low as the 100% retracement at 177.
The signal is a close above the 8 EMA.and rotation on the fast ribbon (orange).
Earnings is scheduled in 40 days from now (Jan 9th) I am long for just this leg, I expect they'll play before earnings to get buyers and then a surprise on the ER could drive the stock back to the lower channel support line.
Still too early to tell. If this support is broken then it can go as low as the 100% retracement at 177.
The signal is a close above the 8 EMA.and rotation on the fast ribbon (orange).
Earnings is scheduled in 40 days from now (Jan 9th) I am long for just this leg, I expect they'll play before earnings to get buyers and then a surprise on the ER could drive the stock back to the lower channel support line.