Weekly resistance failed to break on positive earning call.
-Bulls managed to break resistance but bears had just enough to close well below resistance/ top of range
-Believe we will test the bottom of that range again, AT LEAST 240
- - If we break that we had down around the ~205 area, but I dont believe that will happen
Daily RSI well oversold
- Not being able to close above resistance after positive earning even more obvious
-Bulls managed to break resistance but bears had just enough to close well below resistance/ top of range
-Believe we will test the bottom of that range again, AT LEAST 240
- - If we break that we had down around the ~205 area, but I dont believe that will happen
Daily RSI well oversold
- Not being able to close above resistance after positive earning even more obvious