candlestick chart is not really giving any strong signals. certainly no sign of a reversal yet, as it looks like the doji signals indecision and we need more time to see if the downtrend continues or reverses.
i dont see any fundamentals or broader market signals that would be a catalyst for reversal, and the market seems nervous about high p/e stocks that show any signs of undershooting expectations, so i would expect this to remain under selling and shorting pressure for a while yet.
as mentioned previously, the chart and the fundamentals would suggest another leg lower to 8.50-9.00 key support area, which it should hold in and remain range bound in the short term until the next 1/2 report in feb, unless there is a major market shock.
WEB Price at posting:
$9.48 Sentiment: Hold Disclosure: Held
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