RE:Great close - i was hoping for good consolidation!
TA is on our side also... Fib retracement of 23.6% is $3.59 50% $5.44 61.8% $6.27 The 50 dma and 200 dma are all well above so resistances would be at these above levels... I keep doing my dd on this and can't figure out why the over reaction. Also this news is a slow moving train with 2 and a half years for the company to figure out. It's not like they have a few weeks to come up with a payment of debt else go bankrupt. Shows you how carried away the market can get. Look at HCG and how it got sold off on much dire news and it's recovered to above Fib levels within weeks.. Anyhow I'm happy to hold for the dividends. -Uber