If things continue to get crazy ahead of earnings then look for that $41 fib ext target to get tested. Otherwise, the healthier move would be a retrace to find new support. Mind that gap too, it might need to get filled post earnings call. Good luck out there!
Comment:
Well that was pretty much a perfect bounce off the 19.30 target. From here it all depends on the update Sumit Sharma gives during tomorrow's earnings call as to whether or not we retest and break the 1st $28-$30 fib target zone. The LiDAR A-Sample news was pretty much already priced in. They need LiDAR partnerships now.
Comment:
Falling back into the previous channel. I'm now looking at 14.74 as a potential bottom. Previous resistance (4/14 and 4/22) becomes new support?