The box + MA 50had provided solid support and the stock did not make a new low from yesterday. As investor's confidence recover, we will expect a short bounce we wrap up the day in the green.
I have added a few more shares and placed stop loss at 225.
However, strong resistance at 240. Will need volume to breakthrough. More likely we are entering another consolidation phase for the next little while.
I have added a few more shares and placed stop loss at 225.
However, strong resistance at 240. Will need volume to breakthrough. More likely we are entering another consolidation phase for the next little while.