Quarter my results due the next day may provide indication of next move. Price is showing support at the 50 DMA level. If it bounces up, and with volume higher than recent, good chance price is moving up, especially if Q3 results are positive.
If price falls below 50 DMA, then next support level would be upper trendline, where we will have to see if that provides some stimulus for a return move upwards. But in this instance a prolonged move upwards for a long position is less likely than the first scenario.
If price falls below 50 DMA, then next support level would be upper trendline, where we will have to see if that provides some stimulus for a return move upwards. But in this instance a prolonged move upwards for a long position is less likely than the first scenario.