I posted yeateday as a potential breakout of this pattern. I was leaning on the bullish end with a target of 68 if we could breakout of 55 and hold. We struggled and found reistance there.
I had a long opened at the support
Of 51$ which ended up breaking. I discussed if we lost 49 $ o would stop out and look for target of 37$
We ended up breaking around 430 pm...
This stock has been getting amazing action!
It’s super volatile but since it’s now got a monster rejection from 100+ area we can now find retracement fibs to see
Where could we get a bounce.
This has found support bounce off .618 fib of 46$ and currently trading and considlating under the 50% retracement.
If we can get a breakout of this current triangle ,...
