We have finally seen some break down of the rising wedge this week but the price action has used the 20 Day MA (red line) as support so far.
Earnings report is expected to be on the 31st of October too so the set up right now is not particularly attractive as we lead in to the report
Any blemishes in this report and I believe a sell off will be triggered down to our Buy Zone.
So we would need the 50 and 200 Day's to be lost to get into the Buy Zone too.
Corey
2024-10-21 17:09:22 +0000 UTC