Bullish

• 50 MA is acting as very strong support, even when the overall market is down, the stock holds support at 50 MA
• As the daily chart shows its has been trading in a tight channel, with any good earnings it can go high as 303+

Bearish

• Daily MACD on the verge of crossing the centreline. The last time earnings was reported the stock dipped below the 50 MA and the MACD crossed below the centreline briefly.
• Weekly MACD and Weekly Slow Stochastic shows a bearish crossover, as we see the last time this happened the stock retraced back to its 13 EMA ( in this case it would be $277.37)
• Monthly chart shows RSI retreating, the last time this happened the stock retreated to its moving averages. The closest moving average is the 9 EMA which currently sits at $265.53.
• Overall we see the stock has more downside than upside. The bullish thesis at this point would be the 50 MA acting as support along with a strong guidance in their earnings.

DAILY CHANNEL

DAILY

WEEKLY

MONTHLY