The stock is now at a decent support zone. After the sharp correction today, we could probably get a bounce in the upcoming sessions.


The stock is approaching a key pivot level. Also interesting is the falling volumes during the correction leg of the stock. If you notice the rally came on very high volumes while the correction is coming on low volumes. This generally means the buyers are still in control. The key support level will now provide substantial support. Today was a very bearish day as well and the stock holding on and not falling too sharply also gives confidence.