After the Friday debacle of 5.4% fall, what to expect on Monday?
In the tail end session there was a small uptick on stock rebounding twice from its 50.3 support. But it faced tough resistance at 51.2 both times.
On Monday if it manages to break 51.25 in 15 min charts, there is major resistance on 52.6, which the stock may achieve in 2-3 sessions. I am not expecting a huge turn around on positive side.
If on Monday stock falls and break 50.0, further falls upto 48 may happen. Down fall may continue to 46 in next 3 sessions if stock doesn't get support on 48.
Chartbusters - chart - 25515920