Bottom fishing A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65.
The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their shares.
The short intrest is at 4,65% of shares outstanding. which will help squeeze the prize out of the downtrend when they are closing their positions.
A turn around can be confirmed when price closes above 9EMA/110 with volume and positive delta.
This is intended for educational purposes and not a recommendation or trading advice
Long
