In the same Technology Industry and here apply the following concept: In the industries some are leading and others follow they, some are breaking resistance lines now, others are making the pullback now, others are in a strong trend and others are have not reacted yet. In this case I have similar bearish trend line breakout with a pullback in progress and again the the price is negotiating with a resistance level in the 19.00 area. Here I propose two targets The first is a swing trade with a target close to 23.00 The second is position trade wit a more ambitious objective and can be close to 44.00 or before. It is the decision of the trader set the targets in agree with your personal objectives, because many things can happen since these ideas are for long term traders. I propose targets based on past resistance and support levels.
Note Average-volume: 31,756 is relatively low for Institutional traders. You decide
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Targets are representations of what I think is a good objective based in past support resistance areas they can vary from the person that like or follow my publications because this ideas are for position traders, hold positions for months can be very hazardous and the conditions can change in some weeks before the price reach the alleged target.