On the daily we can see bullish divergence on the RSI and MACD
it is also on falling wedge as well.
There is also bullish divergence on the weekly aswell.
Hesitant to take a long term position because the fate of this play will depend largely on the earnings, which could easily become another massacre like we saw in November.
would not be a bad idea to take a quick swing trade before earnings though.
it is also on falling wedge as well.
Hesitant to take a long term position because the fate of this play will depend largely on the earnings, which could easily become another massacre like we saw in November.
would not be a bad idea to take a quick swing trade before earnings though.