The oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 20MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart.
I would also look towards Canopy for clues on how the sector leader breaks.
Key levels for hourly eq:
S: 14.65
R: 15.54
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For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
I would also look towards Canopy for clues on how the sector leader breaks.
Key levels for hourly eq:
S: 14.65
R: 15.54
_____
For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.