If the intermediate trend line doesn't hold we could see support come in at the areas that have been highlighted.
If we do see a bounce of the intermediate trend line, we should see a squeeze past $40. Of course, earnings will obviously be the main deciding factor in direction over the shorter term..
If we do see a bounce of the intermediate trend line, we should see a squeeze past $40. Of course, earnings will obviously be the main deciding factor in direction over the shorter term..