Fibonacci retracement MA 50 and 200 , 50 above the 200 Price is all time low It is expected to bounce back Lookout for earnings too.
Strong Resistance Hence, goes short. If above 40.5 (Arbitary choosen) then go long
Classical Fibonacci and Supply/Demand Trade setup. Although analyst recommends buying MYE, and its true for long term, I still think it will go down retracing Fibonacci as this is in Supply Zone. Another reason to short is RSI indicated oversold for a duration of time. In next few days I expect this to go down atleast until mid Jan after which it should rise as...