ok, if you look at the chart I look at several things. starting at the top, the RSI has bounced- at the level of the blue line-more than once- should do it again.
next I look at the tangle of moving averages-ridiculous, I know. the longer time frame of the MA the stronger resistance or support it will be. so the 64 DMA is stronger support that the 50 although the 50 is pretty solid). today it dropped below the 50 and tested the 64. -the 64 held. also add to that the blue line I drew from previous candles. that area of consolidation served as strong support- i would expect it to hold. so support and resistance are very important.
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