Status: bearish trends
- both price and 50 MA are below the 200 day MA
- there is strong support at $72 - I do not think we get there under a normal market environment
Short term bull case:
- the 7 day EMA crossed over the 27 day EMA and has stayed there for a few days
- there is a missed pivot at approx. $104 - from current levels that would be a 9% return
On any weakness I will take a long half- position and target the missed pivot
Hope this helps
- both price and 50 MA are below the 200 day MA
- there is strong support at $72 - I do not think we get there under a normal market environment
Short term bull case:
- the 7 day EMA crossed over the 27 day EMA and has stayed there for a few days
- there is a missed pivot at approx. $104 - from current levels that would be a 9% return
On any weakness I will take a long half- position and target the missed pivot
Hope this helps