It appears people are starting to take profits after earnings. We did in fact get rejected, as of now, from the top of this ascending channel on the weekly, and could potentially see more downward momentum, based on the MACD looking to turn bearish, which is not yet confirmed. That being said, the RSI is looking a little over bought, and the bulls may be out of steam at this time. More confirmation will be needed for me to raise the probability of the lower targets hitting, but if we break the smaller rising support within the ascending channel, my bet is we retest those supports off of the two previous highs, and possibly the lower support of the channel.
