Fair point on market leader, although I'd prefer to weight a market leader that has substantial history than an emerging producer, despite the mitigating circumstances you've noted. There's a part of the market that knew that miss was coming and its never retail.
Its oversold on a short time frame. I'm interested in the longer cycle which is weekly, which is accompanied by the monthly in this instance. Generally that indicates caution is needed because downward volatility will pick up proportionate to the up trend.
Nice analysis though, it just doesn't fit my long term and higher probability trading prerequisites at the moment.
Have a good weekend!
BOE Price at posting:
$5.16 Sentiment: None Disclosure: Not Held
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