200 is acting as support but its been tested too many times...
Lower highs structure is bearish for the stock.
I am betting on it to break and move lower towards 185 and then 175 and maybe even lower.
Invalidation of the structure will be higher low and higher high.
Lower highs structure is bearish for the stock.
I am betting on it to break and move lower towards 185 and then 175 and maybe even lower.
Invalidation of the structure will be higher low and higher high.
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Bearish Structure still remains
200 has been test for 7 times now... Next time it goes through it like a hot knife goes through a block of butter.
Idea invalid if starts closing above 216.
200 has been test for 7 times now... Next time it goes through it like a hot knife goes through a block of butter.
Idea invalid if starts closing above 216.