This is what I'm seeing For this week.
It's bouncing off two things.
1. Support from initial gap down (after offerings)
2. Support on Daily MA 20. Second time meeting it since offerings gap. Notice the first time it went below MA 20, it gapped way down in Feb. Need a bounce today to show strength.
3. RSI is at about 45. A turn up today would be a perfect play with enough space before becoming overbought.
4. Cup and handle.
Possibly bullish but I think it depends on how we perform today and tomorrow.
5. Earnings on Wed.
If neither of these things hold this stock up, will need to re-evaluate. Let me know what you see.
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