Thanks for your post which I do respect . However , I have seen stocks bounce $20 + for no reason ( JCOM )being one of them this past summer for no reason at all except momentum . Others would be EXPE , Hotels.com , etc .
The trend has been down, but price now has settled into a Rectangle Bottom on the Daily since Nov. While this is usually a continuation pattern, it's almost a toss-up which way it will resolve. I'd prefer up, personally <g>.
In Edit: BTW, that tiny break of the lower trendline could signal a coming upside b/o.
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