The stock seems to be in a channel that is ascending. The STC Indicator shows that the market is in oversold conditions. A buy signal was detected using harmonics. The momentum appears to still be on the short side, but a bounce may occur to bring the stock back up into the channel. The stock is currently at the fib 50% ratio and may bounce from this support level. If bad news breaks out, OPEN can fall with the rest of the market and breakout from the channel to reach lower lows.