In front of earnings this Wednesday, it will be interesting to see if Splunk can continue to hold its prior September 2012 resistance levels as current support. Price does indeed have memory, but we have clearly already seen the initial bounce off support.
What say you, night owls?
Screaming buy or more pain?
(Or take a pass until earnings have concluded)
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2risky4me
gun to head = up
Pass. I think earnings are actually Thursday after the close.
Up- playing small position
Mucho negativity already built in. The demise should not equal the rise is earnings/ guidance is poor. However, if she surprises, mid 50’s looks realistic