Enough technical damage to the uptrend?

1 thg 5, 2018

It's a fools errand to play earnings, but why not. The triple top at $360 proved to be an effective sealing and given the fundamental and technical issues since, I think the stock now has to prove it's worthy of an uptrend. I see strong resistance at $320 area based on volume profile and the fibonacci retracement of 61,8 to 65 % from $360. An initial bounce after earnings would open up a great short setup.