Over -2% drop now after testing the red line and rejecting.
The 50 MA is offering support right now but we want to see this lost so the price can drop down further.
In Jan, the price held the 0.38 Fib going into earnings and then rocketed
So we will be watching the 0.38 Fib here at $23 if the 50 MA is not held.
Scaling in from $23 to $20 does make a lot of sense here.
Pierre penasa
2024-03-27 19:15:30 +0000 UTC