Bullish Confluence: Possible upwards move in the short term

The following elements support a short-term upwards move to 288:

1. Market structure: Falling wedge, price hitting the lower line.
   
2. Price Action: Price hitting a relatively strong support level at 361.
   
3. Oscillator 1: Stochastic RSI is in the oversold zone. But it is still pointing downwards so there maybe still be some way to move downwards.
   
4. Oscillator 2: DMI shows a weakening of the bearish line and a pickup of the bullish line.
   

I expect any upward movement will be brief and will quickly be overcome due to:
1. Poor fundamentals, falling sales in major outlets across the board including China.
2. Poor brand image due to the CEO’s most recent actions.