Look for a bounce on support in the 40-41 range off vwaps, MAs, 2.236, and/or trend line.
A rejection at the sellers vwap around 43.5 seems likely. If so, could we eventually see 36.5 - the top of the 3 month channel. From there, it’s anybody’s guess.
A rejection at the sellers vwap around 43.5 seems likely. If so, could we eventually see 36.5 - the top of the 3 month channel. From there, it’s anybody’s guess.