Close below 21ema for the first time in a month.
1.Bounced of megaphone support
2. Oversold on bollingerbands
3. Megaphone support at 361.25
If this gaps down below megaphone support the Q's will touch the 50ma at 358 where upon that touch id expect a nice 2 day dead cat bounce before heading back to channel bottom.
MFI, RSI, MACD are all bearish.. Candlesticks are no longer able to make to the top of the megaphone channel and thats also bearish weakness.
1.Bounced of megaphone support
2. Oversold on bollingerbands
3. Megaphone support at 361.25
If this gaps down below megaphone support the Q's will touch the 50ma at 358 where upon that touch id expect a nice 2 day dead cat bounce before heading back to channel bottom.
MFI, RSI, MACD are all bearish.. Candlesticks are no longer able to make to the top of the megaphone channel and thats also bearish weakness.
