A positive surprise that's is not down as much as the nasdaq?
The 30day support resistance line.
Would you please explain what you mean by that?
The price has passed thru the 11 dema and the 31 dema, it has gapped down today so one could expect a "bounce" before further downward pressure.
The support / resistance "zone" has been highlighted previously so trading $72 will not stack up and will not make it bullish.
The bottom of the support zone is 65/66 ish, so it wouldn't be a surprise to test that level.
If it doesn't hold (which may take a little time) $30 is on the cards.
Better to wait for a clear reversal now.
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