Has bounced well, almost too well for me, however earnings did beat by 43% so it is somewhat justified but I would take a measured jump over a parabolic move every time.
I initially had thus jump going to the blue line, it has gone above that so the next resistance level is at the 1.27 Fib at $31. A healthy pullback would be good here, or even from today. It needs to hold at a higher support level next compared to the previous low, so do not be too surprised with a strong pull back here too.
Amadeus
2023-05-23 09:51:08 +0000 UTC