Hello traders, there is not much to explain as all illustrated in the chart. Basically the downtrend line was broken and we went down to retest it. Premarket price points to gap up today so either the stock will come down to fill it or it will go straight to the resistance zone at $47.5 - $50.5. Either way I expect the stock to run with momentum the next few days. It can go $50++ but I think it will consolidate more. I will update my analysis as we reach the resistance zone.
Please share your thoughts and follow/ like if you appreciate this idea.
Good luck!
Please share your thoughts and follow/ like if you appreciate this idea.
Good luck!