Seagate Technology reported its 22Q2 earnings today, after the market closed.
The share price ended today’s trading session at $96.31. When earnings were released, the price tanked to $89 and quickly shot up to $102 (as of this writing).
Fitting the best medium-term support lines on a daily chart shows that the bodies of the bars/candles respect the 232 day EMA line (closed today at $89.88) and the wicks respect the 248 day EMA line (closed today at $88.89). It is not unlikely that buying orders were waiting right on these lines.
Interesting. Let’s watch tomorrow during trading hours.
Here are the visuals:
