Savvy Trades and Investments

[value1008]

ANGI-- that's a difficult chart to interpret.... Looking back at previous support and resistance levels, i'd say the stock will spend time exploring the 6.40 to 7.60 range (right now it's almost exactly between those two levels). If it drops below 6.40, there looks to be lots of support at the $6 level. A Fibonacci 50% retrace down would be to somewhere around 6.20 as i quickly eyeball the chart. Meanwhile, upper resistance right now would seem to be clearly defined by the slightly declining 200dma in 7.80s.
This looks to be very volatile going forward, by around at least plus-or-minus 8% from this $7 level.
JMO....