After the intraday dip to the Level between the & 200 a strong intraday reversal stared yesterday which could continue the following days. The oversold Situation of the underlines that Szenario.
A possible target of the exspected rebound could be the Gap bottom edge - here is also based the 90.
This Level must be proved. The Gaps bottom edge perhaps generates a nice short possibility.
The Charts turns again with Prices trading above 122$. Shortterm Signal also appear if the stock can beat ist @ the bottom edge of the gap.
Former Analysis: GAP DOWN - DIP TO THE 0,5 FIBO Today we see a huge DOWN- GAP - sell on good News!
If you have a look at the longterm Chart it seems that this stock never could fall :-)
You not very often can see such strong uptrends. Normally Gaps get filled..For shortterm-ttrading i exspect a Rebound to the minimal correction fibo Level 38,2 = 114$.
.. I think the strength of the stock will come back, so after a time of consolidation the gap should be filled within the next weeks/months.
A strong Support should be the Level at 107,5 .