White lines - Falling wedge
Yellow lines - Bear channel
Been headed lower since last earnings.
Headed to support today which should be in the 95$ area ; Also 50sma in that area. We could either bounce here today and continue down this bear channel or we cut straight through support to begin closing that gap and retesting the breakout from the last earnings
midterm outlook, we are headed back to 80$
Yellow lines - Bear channel
Been headed lower since last earnings.
Headed to support today which should be in the 95$ area ; Also 50sma in that area. We could either bounce here today and continue down this bear channel or we cut straight through support to begin closing that gap and retesting the breakout from the last earnings
midterm outlook, we are headed back to 80$
