Support at around 30.5-31 needs to hold here. You can see the stochastic has not reached the upper resistance line this time, and looks like it may turn down which is a bad sign.
Weekly-
This gives you a better idea of where the price is. It currently is in the middle of a downward channel. You can see the stochastic is inerestingly bouncing between support and resistance lines. Currently the stochastic is approaching the lower support line. A break of this would almost definatly see it hit the last low of 26.85, and then a good chance of a fall to the lower trendline at around 24-26 dollars.
Montly-
Monthly not looking healthy. The stochastic in a downward trend and has even started to turn further down lately. You can see the long term upwards trend still is intact. However, it looks like a return to the lower support line is likely at some point. If this happens in the next month or two, it could bounce at 23, or if later somewhere higher.
Overall- Looks like it would be a good idea to stay away from this one for a while. If you want to trade it soon for the short term, see if the daily stochastic holds and buy at a touch on the lower daily trendline. If it doesnt, to be safe, I would hold off till around 23-26. At that point, the stochastics are likely to be heading up, and a bounce off the long term trendlines is likely
