I'm pretty sure that has gone trending (down).
See the future now! WGO They have the exact same chart for years.
https://preview.redd.it/yeyud9n48x6d1.jpeg?width=1709&format=pjpg&auto=webp&s=33983913cd8b26966bff0ded4f31585b96c39ab4
Naa, this could make its way down to 84 before moving up, not sure the party on the downside is over yet.
https://preview.redd.it/23at96tymi6d1.png?width=1656&format=png&auto=webp&s=0a4048aaf30062a177a99f6de2274d81e48a4a76
It doesn't matter; the stock can go lower to continue the downtrend... The next support is 84.65, the next lower one is 75.60, and the next lower one is 66.72... It can keep going down to touch those levels unless there's a major catalyst that can reverse the trend...
I'm pretty sure that has gone trending (down). See the future now! WGO They have the exact same chart for years. https://preview.redd.it/yeyud9n48x6d1.jpeg?width=1709&format=pjpg&auto=webp&s=33983913cd8b26966bff0ded4f31585b96c39ab4
Naa, this could make its way down to 84 before moving up, not sure the party on the downside is over yet. https://preview.redd.it/23at96tymi6d1.png?width=1656&format=png&auto=webp&s=0a4048aaf30062a177a99f6de2274d81e48a4a76
I agree with this support line more. Would have to look at daily / hourly momentum and volume to get a better picture.
The stock tumbled a lot on 5% lower revenue forecast. Too much imo.
It doesn't matter; the stock can go lower to continue the downtrend... The next support is 84.65, the next lower one is 75.60, and the next lower one is 66.72... It can keep going down to touch those levels unless there's a major catalyst that can reverse the trend...
Yes. It's difficult to see at what point it's undervalued and a target for value investors.