The latest selloff could be a well technically planned by the big boys in accordance with the earning announcements on Monday the 16th of April 2018.
We normally see a selloff during the earning announcements or after announcements but in this case, it started two days prior to the announcement date, shredding -4.23%.
There was a surged in volume in the last thirty minutes of trade breaking the average trading volume of the day trying to push the price back up above the channel support line.
I'll be watching closely on Monday's session to see if prices going to break and hold above 29.95 resistance to go long.
We normally see a selloff during the earning announcements or after announcements but in this case, it started two days prior to the announcement date, shredding -4.23%.
There was a surged in volume in the last thirty minutes of trade breaking the average trading volume of the day trying to push the price back up above the channel support line.
I'll be watching closely on Monday's session to see if prices going to break and hold above 29.95 resistance to go long.