FUNDUMENTALS: Price jumped from earnings surprise.Still the earnings were a loss and i think the general downtrend will keep going for some time(although it has lost some steam). TECHNICALS: 1.General downtrend 2.Strong mirror level (support now resistance ) at 25.7-25.8 level 3.200 EMA coming down 4.Stochasticks not overbought yet
So..R/R is good will put around SL 26-27 area and TP around 20-21 area and maybe lower if we see a strong movement. Wait for the reject of the level. Thank you for reading .Good trading.
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Seems he 200ema will hold.R/R is great aim for 21-20