The selling pressure is strong with EPAM and it is currently at resistance. To complete its corrective structure and bottom it will likely do the following (black trajectory):
- Drop to 155-175 range pre earnings (8/3)
- bounce to 200 post earnings
- if rejected at 200 it will completed final leg down to 63-93 range and begin accumulation there.
Goal target 93 by end of September.
- Drop to 155-175 range pre earnings (8/3)
- bounce to 200 post earnings
- if rejected at 200 it will completed final leg down to 63-93 range and begin accumulation there.
Goal target 93 by end of September.
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