$DG
Added 2024-08-29 16:35:26 +0000 UTC$DG was holding on its 0.618 Fib above $113 and its yellow historical support line, which has been in place since 2011 before earnings were released before the market opened today
They released a double miss on earnings and guided down for the FY 2024.
A double blow like this is getting crucified by the market now, they could not afford to miss and they are being punished now because of it
You can do nothing about earnings, especially if they miss, even good companies beating earnings like $NVDA can still turn negative after their release
Price has since lost its 2023 low and is likely on track to test its next Fib support level at $72.
