Rectangle Top/Earnings Tomorrow

LYV has earnings tomorrow after market closes.

Today, price is below the lower trendline of the rectangle.
An earnings beat with a warm reception by the market could turn this around.

A beat looks possible, but iffy.
Price is oversold on RSI and below the Bollinger bands set on 80, which is also an oversold signal. A security can remain oversold for extended periods of time, and going long on this indicator alone can be a way to lose money.
Price will eventually return to the bands, but the bands are dynamic and move with price.
No recommendation.

Yorum:

Possible targets 1 are the larger orange type. Targets 2 if targets 1 are passed are smaller orange type. Possible target 3 is in even smaller orange type.

Short percent is just over 9%.