I've got this one going down to the $7s based on a fib retracement. This one hits the fibs nearly to a T, so just based on a TECHNICAL perspective, I've got NWL hitting that 3.618 down before it starts showing anything resembling a bottom. Obviously, a straight-down scenario to that 2.618 is hard to see; there would have to be slew after slew of bad news and earnings for that to happen. You'll see a little bit of a limbo-zone around $13-14 for a while I'd say. This is a long-term target that I'll peg somewhere in the Q3-Q4 2019 range til it hits that level.
Note: I'm an amateur at TA and I'm just using what I've learned so far. Please use with caution, this is just what I'm seeing on my end.
Note: I'm an amateur at TA and I'm just using what I've learned so far. Please use with caution, this is just what I'm seeing on my end.