Given the market conditions, economic headwinds, and tech as a whole as well as the break below the previous support area all spells a consistent & continuous downward trend. We also gapped down today from gapping up yesterday. Amazing. Take also in consideration that RSI levels still have room to move. I suspect a bounce off the lower Bollinger Band and then a major rejection off the trendline. Long term we will continue this down trend and the next place we land potentially could be the $140 area.
Trade active
Trade closed: target reached