Looking like this may have found its floor at 23 to me.
-3 straight days with the bounce off low 23 levels
-RSI oversold
-MACD in the green and increasing
-Increased volume on the past 7 trading days since it may have hit its true bottom on 10/12
-Earnings coming up could be the catalyst this needs to rip up (or break down 🤷♂️)
Long story short it looks beaten to shit and I'm willing to take a swing here. Will keep a close stop. If it breaks under 23 I will probably step off the sinking ship.
-3 straight days with the bounce off low 23 levels
-RSI oversold
-MACD in the green and increasing
-Increased volume on the past 7 trading days since it may have hit its true bottom on 10/12
-Earnings coming up could be the catalyst this needs to rip up (or break down 🤷♂️)
Long story short it looks beaten to shit and I'm willing to take a swing here. Will keep a close stop. If it breaks under 23 I will probably step off the sinking ship.