this is possible movement here, depending on the Q2 earning.. it might still go down to .825 or even .77 before it go up again. daily and 4 hrs time frame is on oversold area.
Not financial advice.
I'm not seeing any strong support yet. most stock lately bounce once touch or below 400 EMA ( very close to 180 SMA)... Im set to buy more once it hit below 200 EMA.
Elliot wave is 86 percent accurate. the stock is on wave C, this wave supposed to touch wave 4 support. since the apps release is about few weeks this will continue to drop. unless other big new...
I'm basing on history of this stock. after the green day. it multiple day red... all green day depending on next catalyst... hoping the apps release and earning report comes out and this will change the direction... this will be bearish in the next few days..
