With earnings coming up, there is solid uptrend continuation as drawn by the lower diagonal support. However, a head and shoulders pattern looks to be forming with indicators looking to be close to oversold. Probability is that price will drop shortly after earnings. A solid entrance will be a clear break below the red horizontal support.
If price holds up above the red support, it will be an indication for the continuation of the longer term up trend.
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This is meant for educational purposes only, and is not advice to buy or sell!
If price holds up above the red support, it will be an indication for the continuation of the longer term up trend.
Happy Trading :0)
Thank you! Like, comment and share!
This is meant for educational purposes only, and is not advice to buy or sell!