$GIGGLE at $38.04 is still under pressure after opening near $40.59, and the drop toward the $37.64 low shows sellers have been controlling the move.
The reason for the downside view is simple: price is trading below the daily open while volume has stayed active, which usually means the selling move still has participation behind it instead of fading out. Next upcoming target is a retest of $37.64, and if that level gives way, the market may look for a lower support zone after that.
The reason for the downside view is simple: price is trading below the daily open while volume has stayed active, which usually means the selling move still has participation behind it instead of fading out. Next upcoming target is a retest of $37.64, and if that level gives way, the market may look for a lower support zone after that.