This is a short term swing idea. The share carries higher-than-average risk profile hence a smaller percentage of a trader's portfolio might be allocated to the idea. The share is attempting to clear the downward trend line extending back to the 15 June swing high while on Tuesday, above-average volume was noted around horizontal support, possibly suggesting fresh buying interest. Do note that the share might retrace slightly after publication of this note, then continue to build it's base before a short term bullish reversal. Also note that the view may in contrast to technical structures reflected in the weekly and monthly time frames. Time stop: 18 August 2023 as earnings (event risk) are due on 21 August 2023.
