$PSNY - RC -
Added 2023-05-11 15:03:43 +0000 UTCEarnings out this morning, warned of a production cut and reducing its workforce by 10%, resulting in the share price declining by -9% so far today.
On our chart, this is shown as being rejected at the blue line exactly, which was a previous support and has now flipped to a resistance line with this rejection.....in the short term, things don't look great. Fib levels in amber remain unchanged.
Comments
I know this is a RC but I have a small position of 400 shares. Would you think this is a good long hold or time to cut losses?
Steele Broderick
2023-05-11 23:41:17 +0000 UTC
